On another note, you do realize any house left unattended for lengthy periods will expose you to a multitude of problems, for example:Mold, rodents, insect infestation is almost certainCarpetbaggers, homeless, and or drug addicts may become a problem that could ultimately be your responsibilityWhat is the city ordinance?

Now I'm left over leveraged. 

Where my wife and I settled, given our loans coming out of college (and in hindsight they were extremely low interest: 2% on federal, about 3.5% on private, with one small one carrying about 6%, I believe) was to take roughly half of our left over take home and pay down loans, and the rest goes into savings/investments.  

Profit is what's left over. 

So I hired an attorney because this is my first eviction and the timing was all wrong, the attorney left the US for 2 weeks and the court hearing was yesterday, took 4 hours because the city systems were all malfunctioning and Magistrate wasn't able to see our paperwork.

Instead of getting classified for the entire property, they went down to the local housing authority and talked to the manager about their units and left handouts about their properties that was marketed around helping section 8 elderly folks.

Mortgage will be like $2200/mo and rent is $4200/mo and there will be effectively no $$ left into the property.

 $120k left on 15 yr mortgage which is 2.75%. 

There’s $120k left on our 15 yr mortgage which is 2.75%. 

There’s 275k mortgage left (VA loan) and the comps are selling around 400k-420k and Redfin/Zillow estimate it as 390k.