It's probably just going to be easier just to pay the bill than sit and fight about it.

Sit down, read and ask plenty of questions.

@N.A N.A I recommend sitting tight.

I decided that sitting on the sidelines trying to learn everything wasn't working for me so I decided to go cautiously full steam ahead.

I would recommend sitting down with a couple mortgage lenders from national (big) banks and a couple from local or regional banks.

Some people know that the money sitting in the bank is more of a liability than a nice income stream.

Sit down with a mortgage broker, get pre approved and you'll find out what you qualify for, and you'll get an idea of the cash you'll need in addition to the minimum 3.5% down payment.

Still sitting empty after a year and really not much closer to collecting rent.

The property sits on several acres.I have read of scenarios where you can claim a percentage of the property as your primary residence to reap the benefit of the 121 exclusion ($500K Exemption), and the other percentage as investment property to earmark for 1031 exchange.

No, I don't have a spare $10k sitting around at the moment or a slew of million dollar homebuyers on call (tho they'd be paying a fraction of tht million dollar price), but remember, this is all hypothetical coming from a thought I had while looking over my list.