Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

There is a reason why I buy properties that cost a multiple of what typical cheap rental properties are going for.

More properties but more debt. 

This impressive 7,000 square foot property is situated in an upscale Boston neighborhood.

My goal is to achieve financial freedom through house hacking and long-term rental properties.

Before listing the property, we were using it for ourselves and our family and friends.

Acting quickly, I viewed the property within 24 hours of its listing and submitted a full-price offer of $295,000 within 48 hours.

I think it is very important to get the actual rental history of the prospective tenant before renting out the property. 

Have you gone to the township zoning to see if you could have the property legally split.

The units are pretty much turnkey, but my analysis shows that the property will barely break even.