If I can pay it off in a 7 years I’m fine.

@Zach Howardyou can usually post enough information in a thread without the address and people will usually happily help you analyze deals. 

Don't invest in a market if you can't find a quality PM!

My question is...what happens in a downturn like 2007-2008 when banks get tight and shut off the line after you've paid it down.

.: Quote from @Chris Allen: Long story short, I am in a difficult situation with a property of mine and need to get rid of property.

This would allow me to stockpile rental income until I’m ready for the next investment, giving me more flexibility in the long run.Thanks again for your insight Yeah, I think a 15 year or 30 year loan is a better option because the interest you pay every month is lower and also you can pay it off in a short period of time if you want to.

Meet ups could be a good source too since you’re in a big market. 

@David Dachtera, I did the same exercise in a COBOL class ;)

This is in a town that has a very good Private College - Baylor University.

I also recommend buying in a B-class neighborhood so you can learn the ropes with an easier tenant class.