As such, I firmly stand in the camp that newbie investors are better suited with PL's to learn about the industry than NPL's.  

Visit Property Management companies - ask them about there business - offer to give them landlord referrals (the ones you find at rent court) - ask them questions about management.Look at 50 houses in your - make no offers - just keep real good notes and understand values.Talk to owners of auction companies - tell them you'd like to learn the business - that you'd like to give them referrals - ask for referral fees - see if one of them will train you.Read the legal newspapers - tax lien - foreclosures - auctions - partition suits - this is where you will find the RIGHT STUFF.I would suggest REIA's in your area - but I won't - many of those members are there to try to learn what you think you need - at a very high cost.

Avoid swimming pools, trampolines and dangerous dog breeds.

If the noise is normal living noise you may not make the complaintent happy no matter what you do they may not be suited to community living.

"Only when the tide goes out do you discover who's been swimming naked." - Warren Buffet. 

@David Moon, @Nikolas Ferreira, the event is at 3 Sugar Creek Center, Suite 100, Sugar Land TX 77478.

Unless it was in a great area for a rental and you're sure it will cash flow well (which doesn't sound like it from your numbers), I'd sell, take the tax-free money and put my money into something that can generate better cash flow, a 2-4 unit where you live in one, a house with a separate in-law suite that you can rent out, or even a larger home where you rent out rooms.  

Hello there,My fiance and I are considering the possibility of relocating to an area that better-suits our career and investment goals.

The process and procedures protect the business from law suits (fair housing) they protect it from "soft Mike" getting in the way and putting more of a risk on the business than makes sense.Just my 2 cents and good luck!

We have springs all over the hill running down from the swimming pool on Nebraska Ave. of the same name.