You can also legally combine your IRA with your Spouse's IRA.

As long as all the debt is acquisition debt (i.e., not a refi or HELOC), you may be able to avoid any tax, too.

With debt service of $754, you are necessarily going to lose money on this deal long-term.Stay away.

The units I do go after in which I keep s rentals are newer and in nicer areas but cost 2-5 times more than yours do so my acquisition costs and debt leverage amounts are much higher than yours.Fortunately, I have other sources and means of income besides rentals so I do not rely 100% on rental incoem to survive.Between commercial, flipping residnetial, land development, spec building, short pays, sub2's, etc, I have other income streams.Again, the course of action is up to each individual.

1200 combined.

My list was several thousand deep and I eventually had a group, our combined lists were several hundred thousand deep and we shared lists for shared profits at closings, it's a great living.Good luck!

Now my residence is appraised at 239k and it is fully paid off, BUT my wife and I have a deep wish to keep it debt free, which eliminates the amazing problem solving tool of simply having a 100k or so HELOC.

However, I have found its possible to cover a lot more ground if you also combine that with phone calls and direct mail.

These government regulations combined with the economy are not going to mix very well if things do not improve soon.

Combining the two, I build simple mini-sites and use SEO strategies to drive highly targeted traffic and generate sales commissions.It's a fantastic way to earn passive income.Of course with SEO, a lot of research needs to be done.