The property was STILL positive cash flowing by about $400 a month, but I decided to take the 100k off the table.  

Now spring has rolled around and we saw what local houses were selling for and decided since we didn't get it rented to fix it up a little more and sell it.  

For example my accountant always lets me know when renewals and other forms are due, which he typically handles and only costs me $50 a year, as well as answers plenty of questions that I have.As a word of warning, if you do decide to go through an online company you must be on top of every form filing.

East Bed-Stuy is not really a great place to live but is close to the Bushwick Millennial enclave.Several years ago, that apt would have only been around $1,400 per month or less and you would have had to rent it out to either a subsidized family or subpar qualified couples.The 2 Millennials that decided to roommate had their Dads as Guarantors.

Reason is you could get involved in lawsuits based on something that the prior owner did, and the tenant decided to sue the LLC after your takeover.

I decided to get serious about my dream this year after finding the Bigger Pockets podcast.

There is nothing wrong with these properties, but if you do decide to sell, you will be selling to investors who are not likely to pay much more than you purchased the home for.

So you have to decide as an investor what is right for you.

After firing our first contractor we decided we would sub everything out....An even bigger mess!

I decided I'm going to start driving for $.