With the rising costs of heating fuel, gas, and electricity as well as increasing interest in energy-efficiency and green building in general, this has the potential for being your biggest resale points in coming years.

The floors around the shower are soft due to excessive water damage and rot; there may even structural damage.

Then I build it back up to $5500.Any excess goes to down payments on my next purchase.

There are still issues here, common law marriages, estate issues, heirs, as a lender/note holder you may be able to clear these issues with foreclosure if the folks don't fight you on it, but you'd be selling and excess amounts would go to the estate, who could give a deed with that mess?

Common sense again tells you that you don't need to calculate the cost of fuel going to closing or claim mileage, but you could.

If we make the low end of that ($200K), we'll be able to pay the ~$3000/month loan repayment, pay whatever our expenses for the month will be, and should have some income left over.For that excess income, would it be smarter for us to save it for potential RE investing, or add it towards our student loan repayment?

Does it make more sense for me to pay cash for a property and pay in full or should I be looking to buy as many properties as I can for the 40k and leverage loans to pay the excess amounts.exampleSFR @ $40k - put 10-15k down and finance the rest through HML or personal loan - cash flow @ 200 / monthmultifam @ 120k - put 20-30 down and finance the rest through HML or commercial loans- cash flow @ 100-200 / monthThat would be three doors of cash flow and I would be out 40k in my cash.

This recent run up is in large fueled by the market with the hedge funds stepping in and buying.

Since then CPSC, EPA and several major builder's organizations have all agreed that those measures are excessive and often unnecessary.

I estimate my opportunity loss to be very high so if they finish early and I have to pay more than my actual holding costs,mi still feel I am ahead as I have more opportunities out there in excess of said bonus.