Looking forward to more progress updates. 

It may take a little longer to progress to your $10k/mo number than this one investment, just like it took a few stages to get to where you are.  

An investment property being sold by a seller that has cash in the bank and steady income can be tough. 

I know several contractors with whom I work, that don't advertise in any way, shape or form and yet they have steady, year-round work... all referral or repeat based... at retail.

That would be great, and I assume it would probably be easier to qualify for a mortgage if it were "income" instead of a capital gain as it seems like a more steady term to me.

The area is in high rental demand with over 680 homes for sale and only 24 sold the absorption rate is 27.4 a climate for steady rental income.

They won't let you take $125k cash out of a property you are only into for $105k.Actually one of the VP's at a small bank I talked to said legislation is in progress to use only LTC for 10 years after purchase on all investment properties.  

@Joshua D. have you made any progress on this property?

To be more successful, you simply have to work on the other elements to progress your REI pursuit.

Steady, now.Painting wood floors is not necessarily somehow anti-historical, and would not necessarily be inappropriate.