The beauty of doing these deals within a retirement account is that, depending on the account type, the profits made off of the investment are either tax-free or tax-deferred. 

Thank you for this story. going through similar situations right now on a couple properties. get so hung up about a couple thousand here and there but need to remember getting all the money out is my ego coming through sometimes. in the end if its cashflowing and you have a beautiful house all is going to be well. side note what is the red truck that inspired the name?

A cheaper more rural area would be places like Crystal River, which is beautiful and sees a high amount of tourist traffic for such a small city.

.- Has two gates and horseshoe driveway- Beautiful landscapingIf the entire property were to be fixed up including the main house the property could be worth $350k+.If the main house is considered a total loss, then the property could be worth $230k-$250k, just with the detached garage/apartment.

Beautiful area, you'll love it here :-)The topography here doesn't lend itself to basements, walk-up or otherwise.

So, this may be an unpopular opinion on a real estate investing forum, however, I am in contract to purchase a beautiful home as a primary residence. 

A beautiful old home that was serious foundational issues...

A beautiful old home that was serious foundational issues...

With that being said, In the past decade and especially in the last few years Scranton has seen a giant revitalization of it's downtown, with old beautiful buildings that sat vacant being turned into luxury condos and apartment buildings, shopping, and commercial space.

@Judson Osbon Great story and beautiful family!