Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents). 

My fellow agent Jennifer Flynn is great in handling rental properties...she can get you tenants and manage your monthly activities well.

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).  

Frankly, no matter how well you do safety, dumb guests will find some way to hurt themselves so insurance is a top priority.

I myself am also trying to learn more about seller financing and you seem to be well educated so just what I wondered about your proposition!

@Cosmo DePintoThe BRRRR is alive and well.

I have a complex next to mine that has over a hundred units, some do very well some dont and you can point to their decor right away as a differentiator.

This is extremely unfortunate and I think the name does not match their product, but there will be many others out there that do the same - so what can we take and learn from this as well?

Hey Tony,Well right now I'm back in Toronto.

My current internship in Dallas is going very well, and I expect to be back in the city full time in the summer of 2026.