So your effective cost of capital is close to zero.

It is a very powerful tool, which most people don't use as effectively as they could.

In theory, yes, but the rates are still extremely high so effectively all purchases would have to be in cash to make sense.

The 7 habits of Highly Effective people, The One Thing, The 10X Rule, the 4 Hour Work Week, the E-Myth etc...

Thus you'd effectively be "gifting" them a monthly payment which is not tax deductible.However, this doesn't look like a gift to me, mainly due to your monthly payment.

This is another good reason to invest in multi units as the management is fare more cost effective as opposed to a SFH.

Trying to see if it is cost effective to build a new home on the lot vs. modular home.  

The lady at the finance office gave me a copy of ordinance number 4320, bill number 4456(see links below), which became effective January 2017.

you already have it in writing that you are the new owner and all payments would go to you. you just need to notify the tenants that the payments will now be made to you and to send it to your address and that all provisions of the signed lease remain in effect.

Learn to become a good investor and invest where you can apply your skills the most effectively, efficiently, and profitably, which is normally in your own backyard.