There are a lot of efficiencies as well with respect to common area maintenance that becomes extremely cost effective the bigger building you get (think landscaping, snow plowing and the ability to hire onsite maintenance personnel and property managers).

Freshly landscaped large level lot with long driveway and plenty of parking.

From what it looks like it needs to be cleaned up (power wash, minor landscape) from the outside and EVENTUALLY I would like to renovate the units.My question is, is it worth it to purchase this home with the tenants paying the mortgage and taxes (no cash flow) knowing that with renovations I can increase the value of this home.  

Their is a lot of perceived risk in the market right now from a lot of unknowns and an ever shifting landscape of economic factors.

Basically looking for ideas to diversity and use the capital in my home more effectively than I am right now. 

I have spent a lot of time getting the house ready for new renters (all new electrical, major plumbing repair, beautiful paint, landscaping, etc) and now that I have done it all, I realize I don't want to even own the house anymore.

Home insurance is 180 a month (insane and seems like it's going up by the day).. landscaping 150..

Hey Cheryl,One of the instructors at my gym owns a landscaping business and might be able to help out.

As for withdrawals from balanced diverse equity/bond investment accounts, Bengen's popular 4% rule with the Monti Carlo math doesn't lie: for nearly everyone, withdrawing 4% annually should allow the nest egg to live out >30yrs under most all 'worse-case' financial climates.

Kept original charm but modernized the property with all new HVAC, converted from duplex back to SFR, all new windows, hardwood floors throughout, all new kitchen, 4 full baths, 5 bedrooms, beautifully landscaped and painted.