In financing this is a distribution of debt reduction and use of funds issue.You're paying off debt with expensive current dollars while reducing the after tax interest expense of cheaper money.

My reasoning is that with a hands-off approach, you'll likely be using a property manager for most of the day-to-day, which can substantially reduce monthly cash flow.I might be off-base: Interested to see what other more experienced folks think.

I moved in to a house that had them and it REALLY reduced the number of fridges that I could choose from.

We are considering refinancing our home to a fixed thirty yr. to reduce the monthly note.

The reduced expenses will help you save for the next one.

You'd do better increasing your deductible to reduce premiums vs. foregoing guaranteed replacement cost coverage.One last thought, settling a total loss claim for ACV will also be very time consuming.Rick

Renters do not inherently reduce property values; bad behavior does.

The one downside is that the funds are on hold for 5 business days - i was hoping that the 2nd time around, the hold time would be reduced but alas not so.

It'll be another 3 years to qualify for USDA and they don't have 20% to buy much earlier because of medical bills.

If you have other obligations you have to subtract them from this 2250 number which could reduce your buying power with respect to sales price.