I have two updates to this thread:1) The purchase price has been reduced from $27,900 to $25,900.2) The closing is set for Wednesday, January 27th.More updates to come once I close!

Cash flow reduced $300 monthly with the new loan interest.

I've looked into alternative nitrogen reducing systems (such as Bio-Microbics MicroFAST) which look promising, but I can't count on them. 

I have a few rentals that are in-town with me so I'm looking to reduce the cost of the locksmith, last time it was $140.

Even at steep interest that reduces the overall profit, the interest expense is a tax deduction which helps mitigate the extra cost.Finally, there's 1031 exchanges.

Also flood insurance is a killer and with rates beginning to increase for the next 8 years if you are not above the heights for FEMA guidelines you will need to make the decision whether to eat the flood insurance as a line item, Which will get costly or front the expense to elevate to reduce flood risk for the foreseeable future.

Some of our clients are in areas where it is becoming more popular to include pets, but if your market place does not demand it then your damage fees will be reduced to move forward with a pet free policy.

Real Estate agents will always offer more because there commission depends on it but they are shocked when the reduced the price 10 times before sold it at a price a skilled investor could have instantly told you it was the best price to sell it at.

Diversification is a risk-reducer and their are multitudes of options for generating earnings in real estate and through the stock markets.My last thought.

Some are good, because they can reduce your tax bill but your lender can "add it back" as income.