@Jeremy Schreiber what @Nightingale Daniel said is sort of correct - Whoever the taxpayer is on the old property must be the taxpayer for the new property.

If you know of any upcoming real estate events that you will be attending in the Rochester, MN area feel free to reply with the venue details. 

@Joe VilleneuveHello Joe,Thank you for your reply, I appreciate all the information you provided.

Sorry for the slow reply, I’m in Europe on vacation currently.  

And is that a correct statement?

Sometimes you get silence and then she replies to a question (you didn’t hear) and/or long gaps of silence.

$6k/mo mortgage payment is correct. 

(and that's not including additional profit).If I am analyzing correctly, the ARV should be around $750k.

Right now when I do lease signings tenants sign and date each page of the property condition report, then I take it home, scan it and email it to them, asking them to reply that they received it. 

There is no way I would bury it in a property, where it is at risk in a market correction, and only earning/saving the current mortgage interest rate.