We lived in S Huntsville for about 10 years and really enjoyed all the shops and access to everything was close.

Thanks Amanda G. and Thomas S. for the advice. 

Purple painted rooms 70’s wood paneled walls and dingy outdated shag carpet are just fine to these folks .

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

I use $75k of this to pay off the original loan and am left with $37.5k in my hand and a loan of $112.5k.Now the reason this is so confusing to me is something that they never seem to mention in the podcast(s) and other people glaze over; is this new refinanced loan at that much better of an interest rate to make this a no brainer?

Recently married and currently expecting, my wife and I are looking for ways to build the financial independence we need to support our kid(s) outside of the usual 9-5.

I could drive down and look at it and give you an opinion but I’m going out of town for the next five days.Mutual acceptance of the P&S is like... 10% of the way through closing.

So it’s a game of seeking the 9’s or 10’s tenants versus the mere 7 or 8’s.  

Including only things that are "In Play" investmentwise.Leaving things out such as your wife's wedding ring, jewelry, your personal home(s), personal vehicle(s), boat, snowmobile, camper, personal cash reserves, etc...It depends on what you want to see decisionwise.Good Luck!

It wouldn't have old knob and tube so all you need to check for is whether it is aluminum wiring which was more common in the mid 1970's.