What made you interested in investing in this type of deal?

I checked with State farm ,since I have everything under them as of now,they gave me a quote of 1200/yr but with 1% of house value i.e 6000$ as deductible .There is no in-between,it starts from 1%, then 2%..3%.Considering it's a new build , hoping I won't need insurance anytime soon ( fingers crossed) .

The tenant paid his deposit in cashier's checks and left his account ledger from the previous leasing company (No clue why) showing he had fallen behind on rent payments for 4 months.

I am also eligible for the Section 121 exclusion for this transaction.I received two 1099-S forms from the title company: one reporting the cash proceeds (box 2 for Gross Proceeds) and the other showing no amount in box 2 but with box 4 checked, indicating the transaction involved a 1031 exchange.

This is truly a fantastic place to connect, learn, and continue growing your real estate knowledge and network.Keep up the momentum, and feel free to reach out if you ever want to share more about your journey or need advice.

Good luck on your journey and feel free to reach out if you ever need any guidance or advice.

Always give away your best information for free.

By my review of Plymouth Rd, I have a strong sense your out of your depth. 

I heard of developers doing this with farm land around cities.

This will save a little until rental income gives us additional funds to use for the back.