I've been interested in New Haven because theres a bit both B and C-D neighborhood. there are some ghetto parts which like I said I'm fine with I grew up in some rough parts of NYC mid 90's I know how to handle my self in these area. and as long as I'm thorough and diligent with my screening/vetting process in tenant selection, I should be able to find decent people to make my tenants. there is huge working class in New Haven and its seeing slow stead growth. 

Can always transfer title and then sell and 1031 but that could have long term tax consequences down the road as well. 

When i realized how long that process takes i had filled out another form within a month to cancel so mail would resume at my primary address.

We're always looking for a long-term relationship.   

As long as you are aware of that, you are free to rent to whomever you choose.

At this repair budget it is going to take you 6 years to save for a roof which is a long time.

How long does it usually take to complete all procedures with the first mortgage holder after buying the second mortgage to pay off the first mortgage? 

The exercise of tracking it regularly helps to keep it top of mind and it also allows me to see how my plans are working compared to my goals and if I need to make adjustments (I agree with @Chris Clothier that you've got a keep a long-term perspective because real estate investing, like life in general, is a marathon not a sprint).Great question, Allan!

It can be a bit of a long process, but I have a partner who is an immigration lawyer that can expedite the process.If you are not going to go that route, you should expect to need 25-35% down.

how long does it take?