On the other hand get out there and start doing some deals....

I'm leaning towards the home equity line of credit because of the fact I'll have that $50K in hand for a rainy day if I pay it off.Thanks ahead of time...

Hand written letters and door knocking have proved to be the most effective.

"Junk Mail" or as I like to call it "Belly Touches" When we get out mail we grab it with boths hands and use our bellies to hold it as we sort through it...

On the other hand, let's say you sign a one year lease and the tenant is a nightmare.

That may help you deicide it is worth it...I don’t know that I would jump into the real estate business just for tax deductions... there are other ways to reduce taxes that are probably less hands on, and less work.

On the other hand, if I paid $50,000 for the property, almost everyone would agree that would be a great deal.

Post or hand out your rules and credit requirements at every showing, making it clear you are a no-nonsense landlord.

Read do-it-yourself books.If you need more hands, there will be somewhere in your area where you can hire day labor, have them work with you, then pay them at the end of the day.If you hire contractors, you will need to supervise them carefully.It sounds like money is an issue.

On the other hand, if inflation really kicks up and interest rates start up, I wouldn't be surprised to see a whole flurry of due on sale calls.If the buyer doesn't pay, you have to foreclose.