Just bought another property today!

Today was my county foreclosure auction and tax lien sale... and I went for the first couple of hours, just to observe.I thought I had done some solid research (I was wrong). 

Really appreciate it - doing your suggestion today.

I did get an opinion today from one source that I respect and has experience in rehabs (yes only one so far). 

We wound up leasing the 2/2 for $1050 and the 3/2 for $1150.And that's where we stand today!

So for today, gotta get ready to meet up with Gino and check out more properties.

I'll probably put it on the MLS today or tomorrow. 

Think im going to take a trip there after work today and see what they have to say.

@Vina Real I appreciate the information I will give them a call today I hope I will find the same luck you have with them and when I find a local cpa I will be sure to reach out to you with the info

One consideration could be refinancing the current loan back to a 30-year, though looking at what you state as your current loan and compared to today's rates, I think it would actually raise your P&I.So, based on what you've described, it seems like renting it probably isn't the best approach here.Also, on selling it, you may be a bit high with an expectation of $50,000 net.