Talking about take action, can’t educate forever.

And time consuming. 

What im thinking is that there is no way this will remain this cheap for ever.

It's less than one year old, and I found only one mention in BP on it.Here are the particulars:Company extends consumer credit for a construction loan, secured by a Deed of Trust on the subject property, in order to repair/upgrade a primary residence prior to sale. 

Oh and the filter is on the front side corner of the house and only about 25' from the cut-off at the street, so its not like its a huge inconvenience or time consuming.  

The idea would be to invest in some way that it doesn't turn into a time consuming job so you can hangout on the beach, play golf, go spelunking, or cow tipping...

My wife and I are trying to move out into our forever home so we can rent this current living space out.My question is this: should we find our house first and get it under contract with intent to close, and then try to process finding out a renter?

What it tells me is you don't have a lot of consumer debt.  

S corp would not have allowed that.. that 500k kept me alive during the wipe out years. that's one.two is recapture.. most don't talk about it but once you decide to go into rental real estate your stuck.. this is why I have a pretty strong opinion on why real estate needs to appreciate and that buying for cash flow in non appreciating markets can bite you.. if you keep them for ever no big deal you hand them down.. but if you have no true equity there is nothing to 1031 and now you have to claim this recapture which makes selling costly as in your going to lose money you may have made temporary cash flow but your IRR or your actual returns could very well be negative to quite negative.. 

Without inflating the dollar, along with going to war, we wouldn't have air conditioning, refrigerators, food surplus, obesity, TV, the Internet, computers, cell phones, airplanes, aluminum foil, lasers, mass transportation, radar, GPS, cheap clothing, an abundance of fuel, "forever stamps", office chairs, lots and lots and lots of housing sub divisions and everything in them.