Water isn’t too bad because you can run it through attic and drop it down the wall, but sewer is more challenging.

Demand will drop.

Now when you start spending 50k and up with them the prices may drop a bit .  

@Pedro Jose VillaromanI just looked at the listing on Zillow. 2 things from my perspective- 1) Starting at $399 obviously was a bad idea, and a turn off at this point seeing it on the market so long and dropping $115k, that’s huge. 2) you are limiting yourself to cash and conventional loans.

I keep wondering why the land is not included,,anyway i will drop the deal.Thanks for your input.

If the loan officer dropped the ball, then it is up to them to tell her what the problem is. 

Almost certainly unrealistic, but my goal would be to replace at least half of my income by RE within 15 years, about $180,000, and I could drop down to half time at my current job.

My question is, will the market not drop less than 20% so you don’t go underwater with a property?

I know if I sell it I will be exempt from capital gains as I've only rented it for one year but with the way the presidency is going and the likeliness the economy would tank is my specific situation better to just sell and way for prices to drop and buy a set of condo's with the 200k?

Come to find out, the seller's bankruptcy lawyer dropped the ball somewhere (we aren't allowed to know where we were told) and we weren't able to close.