In order to know what you should pay for something, you need to know what you can sell it for.If this were a pre-owned car, you'd be able to get values of similar cars by make, model, year, options, miles indicated and condition. 

There are other, newer rentals in the area and new construction being built around the city edges.About our financing: Local credit union has given us a pre-approval letter upto the full $235,000.

That being said I will not book private appointments at tenanted properties for clients without a pre-approval in hand.

We will pay them for work completed on a pre-determined schedule that everyone agrees to in advance.

Unless there is a pre-payment penalty of 3 years or more on your loan, you should be fine.Short term capital gains are for 1 year or less so you should be fine for taxes. 

Angela, refinancing your property at the current lower rate (Today's 15yr fixed purchase rate: 6.8% APR) can fund a down payment for another property, enhancing your portfolio. 

Yes, I have used my VA benefits to get my first home (townhouse) for $175k, 3.25% APR. i'm currently around $158k left on the mortgage.

I got the place at $175k and I'm currently at $158k and my apr is at 3.25% with a mortgage of $976 per month.

Being this young I've read on BP that some lenders don't take you seriously.After I obtained a pre approval letter my next plan was to find an Real Estate Agent.

Avoid knocking of every door of a pre-forclosure property owner, fish with a net rather than a hook. and...2.