The note about keeping your place in the scroll has been suggested several times, and we're discussing this internally. 

@Paul Defngin I plan on using it to buy another rental to get more property and become totally passive as I want to begin international travel.

The property needs MAJOR repairs both internally and externally.

Steps 1-6 can be done by a 1st year intern or 1st yr finance student- IF you cannot do this, stay out of the active investor side of RE and stick to showing homes and making a commission- bird dog the deal to someone and get a commission.

Additionally, when you run into problems with the IRS, Enrolled Agents are authorized to represent you before all administrative levels of the Internal Revenue Service.

At the rate that the US dollar is losing value, it's not a bad idea to have some of your wealth in hard assets that keep their value independently of the international exchange rate.

I would heavily start your own internal property rent survey with other neighboring properties .

If you are at home and have the spare time ask the broker or even a team leader to intern even if it is a couple of hrs a day.

Purchase Analysis & Returns PURCHASE Purchase Price: $ 120,000 Purchase Costs: + $ 3,750 Rehab Costs: + $ 10,000 Total Cash Needed: = $ 133,750 Price Per Square Foot: $ 65.1 RETURNS & RATIOS (Year 1) Cap Rate: 13.3% Cash on Cash: 11.9% Return on Investment: 92.9% Return on Equity: 6.6% Internal Rate of Return: 92.9% Rent to Value: 2.3% Gross Rent Multiplier: 3.7 FINANCING Cash Purchase ASSUMPTIONS Vacancy: 10% Rent Collection: Monthly Appreciation: 3% Per Year Income Increase: 2% Per Year Expenses Increase: 2% Per Year Selling Costs: 6% of Sales Price Land Value: $ 0 PURCHASE COSTS Home Inspection: $ 350 Appraisal: $ 400 Escrow Fees: $ 3,000 Total: $ 3,750 REHAB COSTS Total: $ 10,000

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