Are you just saving up for retirement and you have other extra income to supplement your investments if needed?

i'll save the wholesaling for when i have some extra money put away, just in case i screw it up (probably bass ackwards from the way most people do it)...

If you put the extra money into it your payment would drop to 760, but your going to have to pay on that 40,000 on your primary residence.

The thing is that being realistic about it is paramount for anyone who is investing their OWN hard earned money into a project like that.

You could lose that much on extra holding costs is this place doesn't move due to the kitchen looking "cheapo".

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Should I pull a few extra thousand out of the refinance and hold it to cover like the mortgage when its not rented or any unforeseen repairs?

I earned a B+I have also read alot and TRIED to get my husband interested in investing by turning him on to the potential deals that can be made by watching Property Ladder and Flip That House.

Tiffany - Just as far as being a single woman, unless you're handy and have some extra time on your hands or have cash to pay out, I would stick to a condo or wherever someone takes care of maintenance.

Remember they earn money every year off of you!