That's the amount of depreciation deduction you take every year.Unless you really have a superdupey perfoming rental, you should normally, at best, be in the break even ball park. 

If economy is normal, we can expect housing market to have a little over 2% appreciate per year just to beat 2% inflation. 

A couple of years ago, I never would have thought that I could be content and even happy living a budgeted lifestyle.

In a seller's market, using rehab loans can be more challenging, but in a normal or even a buyer's market, they are much easier. 

Now if you wait till life is more back to normal it might be a valid play.

If you are more comfortable with a lease that you created (b/c you know it's a good one) that shouldn't be a problem, but a MTM would be sufficient with a note that you are waiving your normal lease requirements due to their long history of good tenancy etc.

They paid more closing costs than normal to boot.

They paid more closing costs than normal to boot.

They paid more closing costs than normal to boot.

If there's key information missing or some of my assumptions are wrong, just make some up.This is my first post - I tried googling this.As I wrote this I realized: -individual homes are normally custom built with the intention for the owner to live and enjoy that house, so a lone house being built to sell is unlikely. housing developments add scale