We looked around and found a a place we love that rents for $1,375 which is more than we've ever spent on rent, but our real estate back home is doing exceptionally well so I figure we should spend a little on quality of life.

Now I will add the caveat that this December and January have been the worst I've seen in six years with respect to tenant quality, such that a couple of colleagues and I actually stopped marketing our properties in the beginning of January.

So we took the financing, and then had a little problem: we needed something productive to do with the 20 grand or so that had been intended for the car.

Seems to me that is a productive step.

Area is suspect, not war zone but always historically low vacancy and low quality tenants.

I take pride in my career as a film editor, but there is no way I’m going to be comfortable with some random guy off the street jumping in the game with a camera and a computer taking a $199 seminar on video production thinking he can jump in at my level with my years of experience and hard work.

Of course, to maintain your reputation for future business, you need to do everything reasonably possible to make sure this is a successful investment, such as performing a quality rehab, placing a good tenant, and staying in stable neighborhoods that are attractive to good tenants.2) Sell your rental property to a passive investor at a reasonable markup, where you then lease it back from them at a somewhat below market rate.

Long term goals are to wholesale and give my family the quality of life they deserve.scott

After many years of developing my products and patents I sold it and used the income stream to buy into the stock market.

If you are hoping to keep the locks to be rekeyed, chances are they are not that great of quality of locks (most are not unless you spend >$200)and can be eazily picked.