All Forum Posts by: James H Webb III

I purchased a house in a good market in middle TN about 2 years ago with an FHA loan at a good rate. I bought it for 179,900 and did some rent friendly renovations (just in case) and it now will likely sell between $220-$230k based of comps from the same floor plan of other houses in the neighborhood. My biggest concern is it being a split level makes it a larger liability for injury and expensive water damage. With all that being said my mortgage is $1200 and I believe it will rent for $1400-$1500. Should I sell and start a new project and capitalize on not paying capital gains tax, or rent this property in a neighborhood that is appreciating at roughly 10-12% a year? This would be my first venture into real estate investing, any and all direction is greatly appreciated!!!