Essentially as you pointed out, if you aren't selling in the next 2 - 5 years, it quickly becomes a no brainer.

Gutting is usually the best way, using safety equipment.So the concensus is stay away, you are smart to make that decision.

We think property management is an essential part of great customer service and it has paid off for us.

They essentially fronted money (in second position!)

Some more than others, but we all essentially said the same thing.

,The problem here is she is essentially claiming the income not on the Schedule C where it should be if she wants to take those expenses there.Raquel Baranow,Either you are running a business or you are not.

So as a means of creating a safety net, I am considering the idea of owning a property and renting out.

When I spoke with some property managers, they said it would rent for around $650-750/month.It is on the market though for $65,000 and the agents we interviewed all said they thought it would sell for arounf $59-64K.I've essentially got 33% "down" in it already because that's my inheritance.

Nathan Ryder If you are familiar with wholesaling, then a simple option is essentially the same idea.

That sounds very risky to me, to essentially get paid by the buyer.