(currently a work in process).I have never had a problem renting out my condo, since its location is near a well known medical and law school.

In reality, in areas of historical high demand, that demand continues for many reasons (healthy local economy with a broad based job market, natural beauty, good schools, medical care, etc.) with demand comes higher prices.

cons$ refi cost$ highly leveraged$ potential reduced cash flow short termPros$ more properties for less cash$ higher cash flow potential long term

What Sec 8 is reducing in payments so far we will start loosing them.Might be my County or something that has started over the country.Thanks

Although they are only 1 mile apart, #2 is in a bit better neighbor and is closer to major employees and a medical center, which its nursing/medical students and residents would be a good source of tenants.

Based on the Proposed Treasury Regulations section 1.1402(a)-2(h)(2), there is a strategy that will effectively reduce your self employment tax up to $60,000 - $70,000 with your wife as a limited partner.

The second place seemed to be much better but then while I was walking around looking my wife saw two instances of drug activity in the area.I would really love to purchase out of state if I could reduce the risk as much as possible up front.

At another place the high pressure and lack of pressure tank cause the tank to leak.Pressure reducing valve right after the water meter and an expansion tank (for potable water) at the hot water heater will fix the high water pressure problems.

Each month the balance to buy is reduced but 1/360th.Technically looks like an owner finance deal but with eviction rights rather than foreclosure rights.

As @Jon Holdman pointed out, the property needs to appraise or something has to happen....The exercise price has to be reduced by you the owner of the Sub2 to sell, the TBer has to come up with more money to close (unlikely), etc.