Too bad vinyl isn't. 

That doesn't sound like a bad deal if you aren't using it, just make sure you have the ability to get the car to the people who are renting it.

One bad apple ruins it for the rest of honest and hardworking property managers/investors. 

I think in this case its not as bad as other instances, but am also concerned about any liability for renters learning about previous mold conditions and not having a professional team take care of the job and certify that the property is mold free.Hey @Chris Brown, we haven't ran from the mold yet.

I think is very smart that you are questioning and aren't going to force the situation, simply to invest, and risk getting yourself into a bad situation if we end up having a bad downturn.

The mobile web and app experience is pretty bad on my iPhone, so I deleted the app.

If your goal/strategy is to build a nice nest egg for retirement and not replace your current income (not knowing where you are in life), then netting 5% while padding your future isn't that bad of a deal, especially since there are ways you might be able to increase that 5% through property and operational improvements.

I want to let everyone know that even with 3 kids (two of which are under 3) IT IS STILL POSSIBLE IF YOU WANT IT BAD ENOUGH.

You don't have a choice about taking depreciation, but you can choose to either take it straight line or use accelerated depreciation. 

So I don't have the complexity of paying of existing mortgage.Thanks,AnimeshIf it was anyone else, I'd say hold the note yourself and become the bank since it's paid off...However, since it's friends/acquaintances, and the last thing you want to do is take them to court (for note gone bad), you'd probably want to approach a RE attorney and a title company (is my guess...)Haven't dealt with it myself but I'm sure others will chime in with more specifics.