Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

I specialize in small multifamily properties and house hacking working alongside BiggerPockets podcast guest Andrew Freed to help investors find high-performing deals in Central MA.My Background:  - Started in late 2019 I utilized an FHA loan to get my first 3 family property in Fitchburg, spent about a year fixing it up and soon after I refinanced. 

This said, I think its very important to be aware of the surrounding areas in terms of projected growth and developments to help plan year 2,3,4, etc. 

If your current tenants lease is coming to and end and you are simply getting a new tenant. then you will just want to get a fresh lease going.If your lease term is still on going, this tenant is leaving and someone else if coming to rent the unit in their place, then its really up to you.

The long term goal is to be a REInvestor.

One was conventional financing and the other was a portfolio loan from a local bank here in Hawaii, I also did a lot of research into DSCR loans during my search.I'm also an agent here on Oahu but focus mainly on Property Management, at the brokerage we manage roughly 50 units that are a mix of STR, MTR, and LTR's. 

They've violated the lease, and the chances of them making a long-term change to become a decent tenant are slim. 

Or maybe you currently have an SDIRA with real estate and have a plan laid out for the beneficiaries.Our Goal: We will want to keep the property as it is income producing from timber sales over the long term.

traditional loan financing How did you add value to the deal?

From what I've seen and read, most of the reason operators get in trouble is that there is some type of "event" that has occurred (usually their loan has matured or they've defaulted on their existing loan) and they need to refinance their loan and the lenders require a new appraisal to be done, which usually leads to a lower appraised value, and a lower loan amount, which "forces" the owner to pay down their debt.