There are a property or two I have found that I project a cash flow of about $500/mo.My other thought is this: I would be eliminating a nice asset I would have-the ability to get at $20k whenever I want/need it.

It is always nice to meet other people with similar interests.

He also told me that he made more from his rentals than he did from the law firm.He still held the entire portfolio of properties when he passed at age 90, giving the properties to his relatives who continue to keep the properties and run the rentals, living off the income. 30-40 free and clear properties does provide a nice "side" income.The "stepped up basis" provides that the inherited property transfers basis at the value at the date of death, which makes all the capital gains unrealized during the owner's lifetime tax free.This attorney had the same portfolio for maybe 40+ years, he never bought any more property and never sold any of his rental properties.

You will only need a few end tables for the bedrooms and some cheap pictures etc. to make it look nice.

It was also a nice tax break....when I had a job.

Also it includes a nice little pie graph.

If you want to calculate taxes yourself it's pretty straight forward, add up the total millage for both Summer & Winter, Divide the SEV by 1000 then Multiply the two numbers for your annual taxes.Tom A already linked the State calculator which makes life really easy, but it's still nice to know what the numbers all mean and how to manually calculate this stuff.

The house is in a nice but modest area that is well located in a neighborhood of almost all owner occupied homes close to schools, parks, etc...

After 7 years we sold it for a nice profit & that broker still sends us xmas cards.

Recently, I saw a nice Victorian condo in downtown Portland.