To take a gamble on a .software or any other (especially a long) TDL is not wise IMO. 

I have a couple of thoughts:1) This property is yes, technically in the city of Denver, but come on it's right on the border with Englewood and farther south than most people consider "Denver" to be.

It's located in northern Kentucky, 10 minutes from the border of Ohio and the city of Cincinnati.

The banking, legal, entity formation etc was very taboo from my perspective north of the border, and the turnkey company took care of that challenge.

At this point in the consideration, it is a huge gamble for you and your family.

Here is the mathematical equation:Assets x ROI = Cashflow > Expense BudgetHere are the steps:Determine you annual Expense Budget based on how you want to live.Example: $75K/yearDetermine your Return on Investment based on your Risk Tolerance.Your Risk Tolerance is based on how wiling are you to risk losing it all when it comes to your incoming producing properties to where you would have to go back to work.Use a scale of 1-100, 1 = cash in mattress and 100 = I'm gambling the rent money a the craps table.Take your Risk Tolerance # and divide by 5 to calculate your ROI.Example: Risk Tolerance = 50, ROI = 50/5 = 10%Income Producing Assets = Expense Budget/ROIExample: $75K/10% = $750K in income producing assetsFor real estate, Income Producing Assets = Property Equity, not the market value of the property. 

I currently live in Evergreen Park Illinois which is a south suburb right on the border of Chicago so anyone in the area or even out of the area let's connect, inspire, and all grow!

Demand in San Tan Valley and Maricopa are strong today with Coolidge being a little more of a gamble based on growth projections etc.

A distressed 6 bed 3 bath sounds like a big project and big gamble.

It's still going to be a risk/gamble, in state or not.