Education is a cost.

Your options would be to sell it, and most likely take a loss on it as you also will have closing and realtor costs involved which you can assume that would be 10%.

If they have no experience I would probably pass. 

I'd be open to some consulting to see if I can help streamline what you're working with, however I know when we were at ~15 units, there was no way to justify the cost for something that wasn't lower-end, off-the-shelf software. 

Your cash flow would be $1,000 after all monthly costs if I'm not mistaken.

So let's say there is no value increase, but you pocket an extra $1,100/mo in income.  

Get a good idea on what kind of property you can afford and understanding what that cost of capital will be.4) On the investment side most lenders can lend nearly nationwide!

Hey Dave,It was great to meet you this weekend in Panama, one thing to consider is you would not be subject the UBIT (Unrelated business income tax) using your IRA money to buy parcels with no debt on them.

Thank you  Technically no since there's no loan to refi,  but after 6 months you can get an equity loan. 

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