I appreciate the links and the quick walk-through of how to use the forum and site.

Then I would make sure the house is-1. water tight - fix the roof2. all working parts are still working ( water heater, furnance, ect) and no exposed outlets or wires3. broken windows4. tight doors5. no flaking paint exterior or interior6. flooring - safe to walk on7. fix or remove rickety outbuildings8. pleasing to the eye from the outside ( well trimmed shrub & trees)This is what I learned on my first buy and it just cost me 3 returns of the appraiser to get it right.

That allowed me to quickly see where my income was coming from and where my expenses were going out.

I would manage it as a VRBO property, convert to a traditional mortgage within the next two years and make aggressive payments to cut down on the principal as quickly as possible.

You might be able to deduct some expenses if  below the safe harbor threshold applies. 

Hello again BP i just had a quick simple question that i needed help with.

I can tell from the forum rules that I'm safe asking newbie questions here, which I very much appreciate.

Both were in hot markets. 600k I sold for low to get rid of very quick.

Here is a quick run down on my current situation.

you could consider taking a loan from it. if you fix up your home then you could refinance and pay it back quickly.