The house must have been a more recent purchase based on the balance of the mortgage and current value, so you may end up losing money on it after closing costs.Even if you get $2600 a month, the PM will take a percentage of that. 

Thanks so much for the thoughtful and thorough response!

Thanks so much @Drago Stanimirovic.  

Hello all,First and foremost, thank you to everyone who has given so much knowledge the last few years as I dipped my toes into real estate. 

Michigan is another great state to buy REI because the prices are still so low same in Indiana and Ohio. 

I live in Miami but invest in Birmingham, AL, so I completely understand the appeal of lower prices and less competition.That said, OOS investing isn’t for the faint of heart.

Timing can be crucial, so getting advice from those with experience in Tampa can be beneficial.

First two transactions client is required to bring in 10k so they have skin in the game then once model is proven  JLH capital provides 100% funding for purchase and if there is rehab 100% of rehab.

Hello All,I have found a few posts on this topic but still hoping for a bit of clarification in regard to this specific situation.I currently have a tenant that is wanting his good friend who is ill to move in with him so that he can take care of him.

The main reason is labor, and the cost to live around this area is not cheap, so skilled labor demands high wages and benefits.