That's cool though, he is an investor himself and says he has a couple of other properties he may consider selling so he will keep me in mind if he decides to do that.

Another okie cool welcome to our fine community!

I have many rentals and if I send you my schedule E, you'll see it shows that rentals cost more than just PITI to own, sad, but true.2) If you just "ride it out" for 3 years, and then add back your maintenance and replacement later, and don't think of it as part of your rental, you don't really have the $1,000 cash flow "ROI" that you speak of, but you'll come out ok, most likely.3) Assuming you're an aging "boomer" as I am, or as you stated, at least headed for retirement, you probably made a good move, as if it's a desirable retirement destination for boomers with money, the competition for houses in that area would likely grow, so you may have been wise to lock something in now.It's hot over there, don't forget to get the air conditioning serviced regularly - hopefully you've got someplace cool to go in August.Joffrey Long

Will Barnard - I've done this once now, i'ts pretty cool, I think: scenario same as you describe but with the executed and notarized DOT in hand, march it down to the title co and have them record and issue title insurance.

So if you want to buy a 100k trust deed you need to have a cool million in the bank.

Very very cool Mckenley Andrewx!

That's cool!

Life is actually pretty cool out here.

I've got two cool things to point out that might help you!

(very cool industry IMO) I also have a safety net coming out of college thanks to my rental I have had for 3 years!