Whether you're eyeing long-term rental properties, MTR Market, or are looking to live here yourself- this area is full of potential.

I currently live in WA state and invest out of state for buy and holds.

Also - what part of the country do you live in...

I live in the Las Vegas market and have investments and a real estate brokerage in Henderson.

You'd be surprised to learn that someone living in a rental or apartment, that has a family and is a successful small businessman, has the money and is willing to take that deal.

A few other things I'm considering;- I don't need the extra cash flow to live and am just approaching it to remove the high mortgage interest, but also hedge risk that the current stocks might tank in a few years.- Could take all current cash flow and a few thousand a year to pay off the property in 5-10 years.- Hold for a bit and 1031 into something else but am fairly confident there is not much appreciation to come on this property.

Is this a home that you are currently living in?

In Florida where I live that amount is the first $50,000 for a married couple are exempt.So to put all that into action, let's say the previous owner paid $100,000 for the property 20 years ago and lived in the property.  

I live outside of Charlotte in a small town called Denver (of the East).

I had hoped to set this up with PNC since I bank with them but an in-person visit to the branch is required for set up and this is not possible since I now live in Washington state.