To pay off or not to pay off?

[Neil Hauger]

Ok, I have an 87K mortgage on a vacation property I currently rent. I just started renting it last year and grossed about 4500 in total rent. I think I will double that this year at the pace it is renting.

I have expenses for cleaning, sanitation and PITI of course. So my net is somewhere south of that but not important to this question I do not believe. I can write a check today and pay the entire balance or, keep the mortgage which is sub 5% on a 30yr fixed mortgage an invest that 87K in a few other cash flow properties. I am leaning toward paying it off "one less thing" Forest Gump.

I guess I am leaning toward just paying it off. i already own 5 doors, and I plan on a 4 plex purchase shortly so, I have a nice nest egg of property to grow with, create the coveted passive income. If I pay this off I am 100% out of debt except primary mortgage and the rental investments! Opinions?