Correct, as an individual who works in the industry, I saw first hand how good reporting and strong financial standing dropped 1 to 2 basis points from mortgages and refinance, and banks always wanted to deal with you.

I'm still new but learning daily, I have 1 rental right now and cash flowing 500 a month owe 120k on the house it is 1000 sq ft 3 bedroom 1 bath and is worth $330k I have had a couple people tell me I should sell it and and use the cash to buy 2 different places to have 2 assets instead of one. just wanted to get other opinions on this, with it cash flowing is it a good idea to off load it?   

Calculate the basis, sale price and resulting gain related to the portion of principal residence.

We just have all the main vendors on speed dial… The biggest being AC repair, Plumber, septic, and occasionally and electrician and roofer.  95% of daily issues are handled with one phone call.  

Hi Joshuam, I am currently watching at least one podcast of the BP daily via YouTube. 

@Cathy MalmroseAll else aside, your son is essentially a landlord for this time and he could put together a lease agreement immediately (ideally with the help of an attorney), which outlines a security deposit in case of damages, requires the prior owner to obtain renters insurance, who pays utilities and any daily rent- especially a daily amount that’s high if they stay beyond a certain date.This would at least cover the primary points in a leaseback.I’m curious about when and how the sellers made the request to stay past closing that your son agreed to - was it just between the two parties or was the Realtor part of that conversation?

I've used TenantCloud on a trial basis and was pretty impressed for such a low price ($10 a month if you accept online payments, otherwise free).Software is a common question on BiggerPockets.

Also, Get yourself a cork board that you can pin paper to, and then whenever you read something motivational you can write it down and pin it where you can see it daily.

I would specifically recommend the biggerpockets daily podcast because they are so short and easy and jam packed with tons of useful information. 

They will have to manage whatever you buy on a daily basis until you sell the property or terminate them.