With all the answers I got from various members I now have some wise path to take.

But I wouldn't know which tenant paid the rent. ( no way to add a comment on the tenant/property for which the deposit was made ).Security wise, the tenants would only see the "new bank account".Thanks, LA Guy

A wise man once said "You miss 100% of the shots you dont take"

Thanks for the wise words.I too am a fellow economist.

That alone will give you a more defined direction as to where you need to go investment wise.

LOL Just kidding.It's true that some brokers/agents will make something appear rosy to get you to buy.Even if you are just selling off the property for a quick 5k it would be wise to have a folder to give prospective purchasers about the property.With the pool does it dominate the yard?

The deal numbers wise works but I will not buy this place blind.

However, although I'm new at this, I certainly don't feel like I need to jump ships career-wise in order to gain insight into this business.

Land trusts were the way to go a few years ago but most title companies have wised up to them.

Then, when you're in your 50-60s, hopefully your children are self-sufficient and you have saved enough (or have enough passive income) to support a spouse long-term if something should happen to you.So, I say to take your money and put into higher yielding investments in the short-term, get term life when you have dependent children, and plan wisely to ensure you have the money to support family when you hit 60+...Just my opinion, though I've heard similar from plenty of financial advisors...