Just a thought.Depends on if you have cash reserves to cover the pipe replacement now; if not, you could save a certain amount each month to put towards eventual replacement.I guess you just have to decide if you want to pay to have the pipes replaced now, or at an unexpected time in the future. 

.- Principal debt paydown: tenant paying off your loan.- Cash flow.Once the above are all added up, your true Rate Return will by far exceed your returns with stocks.Now regarding the different type of real estate, that depends on a lot of factors and mostly on your financial goals and where are you in life today.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

I currently have tenants who pay through Zelle and with money orders.

The Motivated seller house is valued at 254,000 I offer to  am offering  to purchase the house at 75% of the appraised value which is $190, 500 and  pay closing cost of $ 7620 which is 3%.

Remember AirDNA includes the cleaning fee in their revenue calculations - you will have to pay the cleaners - this is a significant expense. 

Why would you even wait two months if you don't know them AND they did not pay rent?

Bought in 2018 and have over $500k in equity (through principle pay downs and appreciation over time).

Buy rentals OOS that pay for your life in FL, exactly what I do.  

I'm looking for alternatives as they've been increasing the price and I'm paying close to 70 bucks a month on the software.