Prices and the interest rates were part of the reason why we decided to wait. elementary school ratings and career changes were the other things.As you suggested, buying a fixer upper is also an option. concern with that will be the added delays in actually renting out the house after the fixes/updates.

Currently looking for a fix and flip to get started in the Temple area.

The amount of time required will decrease as you have more money freed up to use.How much you are paying in interest each year (note this is simple math, not accurate because the amount that goes to interest and principal changes over the term of the loan).$21.9K$16.9K$23.9K$20.2K$36.2K$26.7K$51.9K

Equity is as simple as the amount of the property you own right now.

I have a large amount of passive activity losses on my tax returns which will carry forward (not REPS so can't offset my W2 income) I don't know anyone who retired early/quit W2 at the age of 40 from their stock portfolio.

Big amount of square footage in a high cost area. 3/3 made it attractive as a starter house.

Secondly, I would get that leak fixed asap to prevent this happening again.

How much rent are you getting for it now that you have it fixed up?

We were also thinking of trying to put a cap for the smaller units since their rate goes up as the $ amount and sqft goes down.

In wouldn't want to raise my kids there but I wouldn't hesitate to fix a faucet there.