The other option is for her to outright purchased it and we would finance it/amortized schedule. - I realize after a year we could likely so the note for its than current value.

So I'm keeping an eye on College Park & East Point, areas that haven't be completely gentrified yet thus more fixer-upper options are available.

Cash in hand may go down based on appraisal.With Cash out Refi resetting the amortization schedule again from the beginning . 

When you use the rent money to pay the mortgage, as scheduled, you're letting the tenant buy the property for you. 

I left biglaw earlier this year to take an in-house job with a (MUCH) better lifestyle but lower long-term earning potential.Household Income: $365 guaranteed, $440 if I hit my bonus and include our rental (bonus is a target of $60k but is not guaranteed, rental grosses $15k though we net less after taxes/expenses)Net worth: $1.15M: Cash-$390k, Equity in existing rental (out of state)- $200k, college savings $30k and retirement accounts - $520k, no debt (both cars owned outright and rental doesn't have a mortgage).Current Housing – We live in a HCOL where we rent a 2bd/2ba condo for $3.1k.

It’s looking like a Cookeville meet up is something worth scheduling!

If I remember correctly, Brandon discussed about hiring a high school or college student to drive for dollars and paid them per property.

If so, you could give a schedule for the tenants to make use of it every other week so there is no overlap.To Scott's point, I would ask your property manager to add to the lease that if there becomes issues with the shared basement space between tenants, you have the right to revoke access to the basement, or give sole access to the basement to only one tenant.

I bought my house back in August of 2019 hoping to use the GI Bill while I was in college to get into real estate investing.

I've scheduled a meeting with a potential manager later this week and was wondering if anyone had some advice on what the essentials are for a PM.