@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it. 

Not an easy thing, but saving 20% or more on the cost of a new home seems well worth the time and effort if you ask me.

If he's a good guy, he'll tell you if it's worth considering or not!

Maybe it isn't worth it, but you should consider the numbers and decide...that could push you towards purchasing another rental. - You mentioned paying down/off a rental and needing to consider the tax implication.

Calling a FSBO wasn't the original question - it was "text blasting".I cited some very solid sources above that are worth reading. 

Section 8 can be a solid strategy, especially in cities like Detroit where the rent-to-price ratios often make it worth considering.

@Lisa Oliver Finding good plumbers and handymen can take some trial and error, but it’s worth the effort.

He owes 650k house is worth about 1.4M, however, he only needs 300k.

Time is a valuable resource and "spending" it everywhere at once isn't worth the effort.

started the interest rate at 8.5% and wrote in the contract that their interest rate will change anytime my bank loan's changes (every 5 years) and will always remain 2.5 interest points above...for what it's worth...i have another under contract that hopefully will close soon..i'd be interested in hearing about this wally wrap as well bryan...what was that?