You have to pay tax, and costs to deliver and haul away old so that could be $125 or so but replacement does look pretty good, even though the repairs are likely relatively simple.Whatever you do I would get it done soon unless you want tenants leaving early.

Only when needing the lower rate to qualify for the loan. 4.65% is very low, consider we did investing for decades with 10% money.Homes usually are held for 7 to 10 years, so your savings on interest is limited and it's tax deductible to boot. 1-your tax rate times the interest rate is your real after tax cost. 

I never flip- flipping is a full time job that delivers close to zero tax write offs and zero passive income and it's risky if you don't know a market first hand and have a trustworthy construction/rehab team in place. 

Hello BP,I was just informed my closing will be delayed because the previous owner has not paid taxes on the property for the past three years.

Have a few SFR now and have been doing my own taxes.

Got home and did my research and found the tax assessor has the owners mailing address different than the prospect address, but only about a mile away. 

Best way to accumulate long term wealth is to buy and hold. 

.- <or> Go ahead and think about pulling it out, take the tax hit, and look to buy a good cash flowing rental.Buying rental property outside of a SDIRA is best and more tax efficient.Just my thoughts, good luck!

Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.

A friend suggested I join this forum for tips and details on escrow, renovations, renting out, and property taxes.