Is fire damage in a house like flood damage in a vehicle where even a little can lead to huge huge problems?

In sharing this, my motivation is not to compare this investment opportunity to any other ... it is to:Give new folks an unambiguous stick in the sand to calibrate opportunities they run across.To encourage all of us, when discussing numbers, to use precise language.

If you don’t feel like your local real estate market is a viable place to invest currently, then diversify into other investments like blue chip aristocrat dividend stocks (great passive income for retirement without the hassles of owning rental property), or syndications/ partnerships/ lending/ more passive real estate investment vehicles.

If i were to sell the property, would i be able to keep the funds without paying any sort of taxes or would 1031 be the best vehicle to minimize taxes.

There are better investment vehicles with much less work that would produce higher returns and achieve your desired income.

I put about 19K in my SEP in 2013 and my CPA says I should add $18K more to max it and hold off on buying more real estate.My first thought was that I never intended for my IRA to be my retirement vehicle - I want a large portfolio of cash flowing properties to be what I retire on.

I have never paid it off precisely how I thought I would, but I was aware that I needed to try to get it paid of long before it converted to an amortizing loan.

@Tony Gatto your property and your drone, and you are just taking pictures of your property, you're good, but look at the FAA basic rules because they are common sense safety rules (e.g. don't fly over people, don't pilot from a moving vehicle, don't fly in or near an airport, stay under 400 feet), but the most important thing to read is the classes of air space, then look up your area to see what class airspace you are flying in. 

My apologies if I wasn't that precise when it comes to Progreso but the way I was talking about included the nearby towns as well as Yucalpeten.4.

Maybe a couple of parking bollards at the lot line will keep your renters vehicles from encroaching on his property (and the dumpster on it's own side)...win/win (???)