This still has to be a one off situation.

There are still a few good resources for Log Cabins or Off-Grid style properties in remote areas as well.  

And if they have to get a new loan that can be time consuming and Boom.. the original seller gets their credit trashed waiting for the loan to get paid off ..

Is there a win-win number where I can take this dump off your hands so you can stop paying for property management with a revolving door of tenants?

I’m aware of of the strategy subject two although I haven’t actually done a sub two deal .

I'd plan to pay off both loans within 5-7 years with cash flow from the rental and other income and assets.I'm an accredited investor and will still have more than a year of expenses covered in liquid assets and additional funds to buy another 1-2 properties in the next 2 years, which is my goal.I don't know if I've provided enough or the right information to get some opinions if what I'm planning to do with my current house and new home purchase makes sense. 

Ease off the gas pedal will ya?

You come off sounding really anal and you're probably going to pick at every little thing.Property is rented "as-is", "where-is" condition.

You can definitely do higher end flips in Detroit but I wouldn't recommend starting there.Buying something for $50k-$60k (off-market), putting $20k-$30k into it and then selling for $100k-$110k is a more realistic expectation.

Hi everyone, I filled my taxes jointly for the first time.Tax guy said I can't write off any repairs/upgrades because my wife and I W2 income is over $150,000.Is this correct?!