Both condition and location will allow you to attract better tenants and better long-term financial performance. 

Do not use the 140K as a down payment on a new rental you plan to hold for a long time.

Hello all, I have read the books and listened to the podcasts and sat in the throes of analysis paralysis for far too long.

Essentially my idea would be to sell 1/2 my interest, pay off the existing loan, and be "partners" with this person as long as there is a defined exit strategy. 

Otherwise, check your local laws about storage.Find out how long you have to give him an itemized copy of deductions from his security deposit and return it.

I househacked in Denver renting out my walk-out basement and it was a better financial decision than to have a long term rental.As for timing, if you were going to rent for a year while you look for a property anyway, I'd keep living at parent's house and look at property aggressively during weekends or weekdays after work.

How long can you make those payments when it is cash flow negative?   

The apartments are about one mile from Augusta’s medical district which could make the apartments attractive to nurses working at the hospitals.  

Do you plan on doing long-term rentals? 

Hi BiggerPockets Community,I'm in the process of purchasing my first rental property in Columbus, Ohio, and I could use some guidance on choosing the best neighborhood for long-term appreciation.