If the legal fees is going to be more than collecting 2-3 months worth of back rent, then I don't think its worth it.

@Kim Tucker I assume he owns much more than 160 acres of flat wheat ground if he is making $80k/year for grass and land usage. 

As far as cash in the bank, if you are looking at investment property, a lender may likely ask to see 6 months of PITI that you have access to, but never a flat dollar amount like "$50,000". 

I think it's a good opportunity here for me to sell and buy something bigger since the tenant can buy it in its current condition and I can get a discount from the realtor on the commission fees.

But then theres CapEx, HOA fees, Vacancy Calculations, Repairs, and Prop Management.

You should not have 4K in lender fees unless you're buying the rate down.

If you have enough wealth /income to justify the non dom fee to keep income offshore, first congrats!

They're pretty flat.

It's worth the fee.

My question is did I miss putting closing costs and real estate agent fees into the BP calculator because I don't recall providing that input?