Think of it this way:  to make up for the $400 negative cashflow per month, you need to gain twice that per month in profit when you sell just to get back to neutral. 

There is no guarantee the price of the home will sit still so you could gain or lose there too.Just some thoughts.

A slight twist on this whole plan is we're only looking for businesses to purchase in Opportunity Zones (https://eig.org/opportunityzones) so that we can use capital from the stock market and defer the capital gains from that capital until 2026.Thank you for your time!

It doesn't require an attorney, just an attentive title company escrow officer who prepares the documents and handles the funds necessary to complete the transaction. 

Also, great idea to source loopnet for that info.I would definitely hire property management for a property of this size and would vet the PM co. like crazy and get lots of recommendations.Although I was really just interested in analyzing this deal to gain some experience it was definitely intriguing.

On top of this, you are doing your daughter a great service by allowing her to gain real world learning experience managing a rental property - she will learn more valuable lessons from that than the 4 years in college courses!

I graduated college from Mizzou in December of 2017 and have recently gained lots of interest in the real estate market and the potential for future financial independence. 

If I fix house #2, I would gain about 20 grand in sales price, but headaches because I live here now.

It's the perfect time to gain knowledge.

Seems like it's pretty standard for Loopnet listings to use proforma numbers to value the property, if nothing else just in case a potential buyer is a newbie and not paying attention.