Is that part of the definition of over leverage, with rents barely covering my monthly expenses? 

Even if a deal just barely breaks even in year one, the growth trajectory tends to be much steeper than what you’ll see in many out-of-state “cash flow” markets.While out-of-state properties can look attractive for day-one cash flow, those markets often stay relatively stagnant.

Calculate the impact of non interest baring note, vs your tax liability on the transaction and see where it lands.What is your "Time Value of Money" That is, do you want $359K * 20% or $71,800 now or do you want $100,000 now?

This was like printing money and seemed almost certain to me.The Great Recession saw RE Prices in my market go down ~40% but rents barely moved in either direction.  

Thank you ☺️ got any tips for a newbie who’s barely learning? 

Since we are living in the house, it's not a big deal...we just live with the inconvenience of an old, barely usable bathroom for a few more months. 

I’ve barely spent any of my own $ to buy rentals and have been able to scale up to 29 rentals by using equity, 401k loans, random consumer lines of credit from banks and 0% interest for a year credit card loans.

I got it for 50% what goes for today and it still has so many tenant issues and turnover costs barely nets out positive annually.P.S. if buying class A/B Chicago just self manage.

I don't think a Seagrams 7 qualifies as a bourbon or scotch, barely even a whiskey........ :-) It's on his bar in the right corner in a 500ml bottle.

As another stated the financial and credit damage is done going to sale barely moves the needle in that regard so its just BS that there is some credit help happening..