Given the large amount of equity in each property, it almost certainly makes sense to sell both of these.

We are assuming 10% vacancy and $600 rents till we can actually see the rent roll and also including is a reserve for large capital(roof/painting/paving).

Thank you so much to the community at large!

The mortgage company is a fairly large one here in the Minneapolis area.I am meeting with my broker to go over this and other things.

I play on having a large amount of spare time.If need be I could relatively easily acquire a job paying 50-60k per year @ a 40hr workweek as a staff nurse at a local hospital.I live 55 miles south of knoxville, which is where i would like to buy a home, which essentially, will be my first investment property a year or two down the line.I plan on living in what I buy while i finish up clinicals in knox (would save me driving time)Down to the numbers, there are several homes (just by simply looking at the MLS), that would probably make suitable places to live in and in the future transition into rentals.

I am reminded of two investors who thought they were buying large cash flow producers.

But it is worth considering.Upon buying a large number of residential properties, my plan was to market to 1 and 2 bedroom apartment dwellers.

This is followed by a very large fine and I believe up to 5 years in prison.

So I recently discovered BP while researching how to scale out/expand property investing.

Have they simply cut a large chunk off the balance?