Plus with the new sales price I should be able to bring the assessment down as well, leading to some additional savings on taxes there.I have two possibilities for this property, the first being to get it refinanced by a bank ASAP to pay off the seller financing and bring the debt service down by about half.  

Service chain saws, chipper, RAM 2500.

I'm currently an active duty Marine with 14 years of service.

@Jaime Paniagua I have not personally used these services so I don't know for sure, Lending Club has default numbers on their website, and I'm not sure about Realty shares.  

Hi @Eric Bate.I've interviewed a local CPA (Plymouth, MN) and will be using his services for my 2017 taxes.

To buy a property for $800k with 20% down, you need $160k for down payment, $20k for closing costs, and for a jumbo many lenders want to see 12 months liquid reserves, which for a 30 year at 4.25% presuming 1.1% property tax and 1000 insurance, is about 4K per month or another 48k.

The challenge is figuring out which ones work for your targets.These days you can get an MLS listing with minimal (read none) service which is still the 800 pound gorilla for retail real estate when selling or leasing.

If a person needs to use a TK service...

That could be the key to getting you enough income to buy a multifamily with FHA.Make sure to keep plenty of reserve cash for repairs!

Make sure the $119K purchase price is a "good deal" and that rents (or other considerations(s)) can pay for all encumberances, reserves, and operating expenses.Step 1.