I regularly follow loopnet, but it clearly does not provide a great selection.

Is this better than selling now and putting cash in pocket and paying taxes on top of regular income in 25-28% tax bracket?  

.- Inspect the property on a regular basis (min: once every three month) to check general status- In case things go south be able to evict tenant in a peaceful manner.- Charge rent- Provide regular (monthly) status reports detailing problems and other situations.Is there anybody with good references that can do the job?

also I should add that most regular non-investors (and many investors) use PITI when talking about mortgage payments. when he says 2600, he is more than likely talking about PITI. this is the nearly universal assumption when talking about "mortgage payment"

Aditionally, I have found that having a regular income makes you less deal hungry, and able to pass up on bad deals.

What I do is charge a pet deposit which is basically a larger deposit and is not returned any differently from the regular deposit (return subject to normal wear and tear limits) and I charge a standard pet fee that is non-returnable which is like pet rent.

And that is a great investment setup you did.It's really not difficult to do a regular job + do what I've done.

I see her go above and beyond regularly.

In fact, if you approach regular folks with slick, high polish campaign and you talk really fast, you might come off with "salesman breathe".

If the bank will not accept the short sale amount I would be able to pay to make this a successful flip, can I assign/sell the contract to a buy & hold guy OR even a regular home buyer who wants to live there with their family and is NOT an investor?