It's definitely a good idea to get in the habit of tracking expenses related to that property separately.

If you have ample street parking and aren't in an area where the cars will get destroyed by hail, etc. than it is less of an issue.

We deal with so many owners that want top rent, but their properties have dated kitchens or bathrooms or other issues.

I also have a 2BD 2BA Condo (on the market) a short distance from here, both being in relatively nice neighborhoods.   

Move in with a relative to get some assistance with your child to and yourself.

It's all relative, but if you register in VA and invest in VA, it simplifies the paperwork and filing you have to do.

Honolulu City council passed the bill but a federal judge quickly issued a temporary injunction and later a permanent injunction stating that the bill was unconstitutional.  

It is now being forecasted as one of the fastest growing markets in the U.S. and prices are still relatively low.

I am an advocate for owning real estate in an LLC if done correctly and for a number of reasons related to asset protection that are not ordinarily articlulated on here but most who do purchase their real estate in an LLC fail to operate the LLC's correctly and fail to enjoy the benefits.

Get a new home inspection done to identify any serious issues.