Wait until investment property is at least 50% paid off to even think of acquiring a second.I like the idea of buying a house or duplex in the neighborhood of 30-50k, which in Memphis typically means the house used to be worth more but has managed to remain occupied through the crash and doesn't need major repair.

Long story longer, we refinanced the townhouse at the current low interest rate for the remaining loan balance, over a new 30-year term, and did a quit-claim deed.

A bed a couple of dressers and scattered toys remain.  

Best thing is that you can do an interest rate increases on years 5 and 6 of an increase 1% each year then ride out the remaining 25 years.

There's been one property where a seller himself remained living in the property after close, and I had to use holdover/eviction in court not just a sheriff to get him out even though he just sold me the house.  

If you end up doing a liner make sure to have camera inspection first to look for breaks, cracks, or tree roots. also if you need to replace the line its likely other leaks will happen in the house. the remaining old pipe may shift during and crack/break (my personal nightmare experience) just be ready to replace most of the waste lines.

haha) and move everything to the front yard and coordinated with the city to pick up everything, at a higher cost.So if all goes as planned, all the trash will be removed by this afternoon, and we will end doing another walkthrough and close on the property this evening.If there happens to be any remaining items, I will definitely use the 'hold back funds' approach.

Being an agent is not an easy business. 50% fail, 40% barely floating, remaining 10% is taking most of the market shares.

The remaining tenant claimed that although the security deposit money order was purchased by the other tenant, it was actually her money.

If any question remains open about a property before a contingency expiration date then that question needs to get answered, or if there is a problem a solution to the problem needs to be found before the contingency expires.