t and that I kicked them out and ruined their life.

sorry TC, was more curiousity than anything else. just looking to see what someone else considers a borderline neighborhood, in streets that i know so to speak.as i said, after working in an off neighborhood and spending my young life near one, blue collar is fine with me, no collar is not.

And even at that it took over a year to get my life back to "normal".cash

So $118.5K on $400K is about 29% AVERAGE.The 15.3% is NOT a "tax on dealers", it's both sides (employee and employer) of Social Security and Medicare EVERYONE who is self-employed, like me for most of my working life, pays this.

The rent it brings is about $1200 /moIn loosing this income there is the potential that it might domino to other parts of my life, including my current residence, SO I AM REALLY LOOKING FOR A FINANCIAL ANGEL TO HELP OUT HEREThe thing that seems to be a concern is that it is built about 50 yrs ago.

At least you can estimatete life and save up for them------ although I did have a tenant's kids get up on a roof and pull off the shingles, chop holes in the roof deck, and spray paint grafitti.

It all depends on what kind of job, life, and skills you prefer.

I could use that money in this down market to make some great investments on additional rental properties and have a much more comfortable life in the long run.

He has basically written a diary of what his life is like as a landlord.

Life would be good if he receives calls all the time from these people saying they have heard of this or that seller wanting or needing to sell.