So $118.5K on $400K is about 29% AVERAGE.The 15.3% is NOT a "tax on dealers", it's both sides (employee and employer) of Social Security and Medicare EVERYONE who is self-employed, like me for most of my working life, pays this.

The rent it brings is about $1200 /moIn loosing this income there is the potential that it might domino to other parts of my life, including my current residence, SO I AM REALLY LOOKING FOR A FINANCIAL ANGEL TO HELP OUT HEREThe thing that seems to be a concern is that it is built about 50 yrs ago.

At least you can estimatete life and save up for them------ although I did have a tenant's kids get up on a roof and pull off the shingles, chop holes in the roof deck, and spray paint grafitti.

It all depends on what kind of job, life, and skills you prefer.

That, or do you have any suggestions on how I can continue to live the style I am used to while still capitalizing on the great real estate prices out there now?

He has basically written a diary of what his life is like as a landlord.

Life would be good if he receives calls all the time from these people saying they have heard of this or that seller wanting or needing to sell.

Pretty tough to buy any gold coin at face value, and I don't see gold falling to those prices in our life times.

On the properties that I found for rehabing prior to finding out that it would not work for me, I put together almost book report style proposals for potential investors featuring repair costs, photos, my own blueprints etc.I want to thank all the experienced investors on the site for the valuable information they are willing to share.

In my entire life I have never seen HUD early.