Tying up $400k in cash to profit a lousy $750 a month is a poor return.  

When this is done, the cash flow off the building will more than cover my housing expenses.One final observation - if you think it is going to take you time to watch the markets before making a decision, consider becoming a lender over the short run (either by investing in hard money loans or re-performing notes).

@George DeberryWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Good luck, and i'm super duper analytical and trying to be paralyzed but also make the proper decision and pull the trigger, luckily I moved from my first home and turned that into a rental. 

I would like to have someone who will eventually buy it, not just a short-term.And I guess my overall question, how do you keep disciplined in making such little decisions?

@Aaron RohnWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

But "Crush it" and "Crushing it" both great.  12 Week Year, The One Thing, Rich Dad Poor Dad, Essentialism, E-Myth and Morning Miracle.

Depending on how much cash is actually left, 10-20 cents on the dollar seems like a likely outcome.These weren’t just poor performing properties that investor’s money was put into, but much newer investors money went to earlier investors and is gone, like Madoff.

Either way, good luck with your decisions. 

The only place where it comes closer to 2% rule where I'll cash flow better is in very poor neighborhoods.