You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

DSCR for these sort of loans right now is 25% down, 30-year amortization, with a rate around 7%, depending on the lender and deal.

One of my tenants quit paying rent almost a year ago.

I would definitely recommend checking out the Cleveland market if you are interested in collecting cash flow, and specific pockets have gone up 2x and upwards of 4x in the last 5 to 10 years.

But definitely keep it for 2 years - even if it meant sitting for a couple of months to avoid the capital gains! 

The new tenants that I chose all have year leases.

For property tax reasons, these lots were tax assessed at no less than $5,000.To put this in perspective in today’s dollars (this was 40+ years ago) he would have paid maybe $500 for a tract of land tax value of $35,000.  

So, last month I was laid-off from a job I held for about two years.

They will get limited use, as many people don't even recognize the value of using one, and they will certainly be limited by the time of year.

The idea that the very thing I enjoyed most could potentially make me financially free one day seemed to breathe life back into a confused, lost 16-year-old.For over a year, I continued to watch, listen, and read about real estate investing, as well as study to take my Michigan Real Estate License exam.