I know you have it listed and all, but in case it does not sell for some reason, as in, for example, you dont get the sales price you want, or for instance, no buyers come fast enough, would you like to have some kind of alternative to listing it with this great agent you have chosen?"

My strategy is to buy and hold, for now.I know most folks believe in purchasing property locally, but I am trying the alternative - earning money from my full time job at the DC rate and spending it in markets where property is far cheaper, and expenses lower.

If I pay off the mortgage I have $600/m in profit and will pay $150 in income taxes however I will have $450 in my pocket.Between those two choices with income taxes being the deciding factor then it is better to pay off the mortgage to have a higher income and only slightly higher taxes.

If it were $55/month, you are effectively borrowing the other 16.5 percent of the of the deal for $660/yr. divide this by the amount down you don't have to come up with then and see what it is costing you (effectively its interest rate)So basically if you are intent on doing deal 2 in a couple years, that may make your choice for you so that you don't checkmate yourself right out of the gate.

Ethics is a choice, and if you are in business for being fair to all, you will do the right thing, e.g. extend the lease and extend the option to help the buyer buy it.Or you can have the ethics of a car salesman, ie caveat emptor, let the buyer beware.Your choice.

And the choice is yours!!!

This structure will place some responsibilities on you as trustee and administrator so be sure to utilize the provider who offers support and help you navigate through requirements and keep your plan in compliance.Then after your plan is established, you can use those plan documents to open non-prototype retirement account at Fidelity, which will allow you to buy and sell stocks and also offer you the ability to have checkbook control to invest in alternative assets.

Before you send them out make sure the property mgr sends a notice with the proper lead time so the tenant has no choice but to let them in.

Anyone that tells you they are a mentor or coach within 30 seconds of meeting them probably isn't a good choice.  

Hopefully I'll be able to learn more about alternative approaches after getting up there.