I bought my home sight unseen while abroad - I'm sure you will find a way to be successful with your RE goals.

principle balance of $84,000est. value = $190,000.monthly PITI= $702monthly rent= $1,300Option a: keep the property and enjoy the nice cash flow.  

If you were in a 15 year variable rate loan, then you paid down a bit of principle and can refinance to a 30 years loan stretching out payments on a longer loan and reduce that payment. 2.

I closed on October 9 and still no tenants in sight.

@John Kim you need to calculate your Return On Equity ((Cash Flow + Principle Paydown + Projected Appreciation)/Equity).

My wife and I just did a spreadsheet on the expenses and thanks to the low interest rate, the tax deduction we get on the interest, the loan principle pay down (due to the low 2.78% mortgage) and the AirBnB income....it is actually more economical to say put than to sell, take a huge loss, and then buy a house worth say $700K at current rates.

My strategy is more about wealth building through appreciation (forced and natural), principle pay down, depreciation tax benefits, and cash flow eventually as rents increase, but not usually immediately.

You can and will change the direction of your family by never losing sight of your goals!

No reduction in sight.

Cash buys are moving quick here lately and this house already had a sight unseen offer made on it before my offer.