Thanks for all the insight and the blog post...very informative and a good look at a situation similar to what I want to get into.

I had a similar situation.

If you'd just put all of it back into another similar-type rental, I'm not sure what the benefit of selling your current one would be.

Investors do not have any inspection time after the offer is made and the sale is as-is.I think you had posted something similar in another thread.

That means your comps need to be similar to the subject or if a comp is used that is not similar, the adjustment can not exceed the adjustment per centages (10%), when you have two that are not similar your total adjustments will usually be exceeded.That basically means that burm and underground homes are rarely financed in the secondary market.....I know, I did two of them and it was like pulling hen's teeth, as I recall the LTV was 70 or 75% too.So this will limit yoiur market to cash buyers or those obtaining portfolio bank financing usually at a low LTV, forget about selling to the average family with 10% down.To get rid of it, you may need to seller finance it long term.

So I assume CL does not like too many posts created with postlets and/or HTML.Have you made similar experience?

The little I know about REITs suggests that they are not suitable for high risk, high growth projects (ie rehabs of small properties & similar)Thanks!

Drive around the area and look for homes that are similar to yours.. # of bed/bath and sq ft.

Hi Kristann,I went through similar issues with my first rental unit, also a 2/1 SFH that I have been managing since July of last year.

This is similar to flipping businesses in USA having their operations taxed as corporations.