Doesn't make much sense to pay interest on money to sit in a bank acct, but also doesn't make much sense to get rid of car you know is reliable for a used one to just have some money in savings. 

This just recently become a discussion point in the office, and the suggestion is "...just get rid of it..." 

We will definitely buy a house outright and get rid of the $3700 a month overhead we pay for our home in Santa Clara.

Working on houses yourself definitely boosts your confidence level while bringing in higher rents.If I were you, I would definitely renovate Side B and bring the rents up to market.Glad you got rid of the sh*tty handyman :P

A 50k loan would be like a gnat to them and a massive headache figuring out how to get rid of in an out of the box area.

Your primary focus should be to get rid of debt then invest.

They would be financially farther ahead investing in a income fund and getting rid of the liability of owning real estate.For maximum returns cash needs to be spread as thin as possible.

If it's in PA then it takes forever to foreclose and it costs a bundle to foreclose.On a $11,000 note that's worth $25k I am not sure many investors would touch that as others noted - land is difficult to get rid of if borrower stops paying and you will have it for years between foreclosure and trying to sell.

Get rid of that carpet.

What would it be like to rid yourself of the headache of "landlording" and just milk the cash cow known as a note and as a bonus possibly receive a higher level of cash flow?