Barely going to cash flow

[EJ K.]

Hi all,

Was curious about everyone’s perspective. Moving to Indiana after previously buying a townhome in Il. It will likely cash flow 100-200 after property management fees, not as much as I would like, especially if fixes come up. We bought it last year in July with 0 down at 4.05 percent no pMI.

Would y’all keep this and just try to pay it down quickly and still have a good monthly return once the principal and interest is off the expenses?  I would probably come out on top if I sold cause I converted a loft to a third bedroom. I could also drop a large sum on it, once I get my first year under my belt at the new job and refinance to lower payments too.

I have a second property that’s cash flowing well. About 440 positive after all bills and savings for cap ex. So this could shield some of this one.

I come from a unique situation where my wife is a medical student and I am a physician. I start July as an attending and for the first 6 months won’t work extra at all, but after I get my feet wet I think I’ll go from 260 a year to 350-400k. Once she is  a resident next year she’ll add 60 k and in 4 years another 200-300 a year.

Paying out of pocket costs won’t be devastating as I could float those two mortgages and my next one (perm residence) on about 45 percent of my take home pay .

Any opinion is appreciated.

Eddie