@William Vreelandsetting aside the specific market for a moment, do you have a plan to execute every step of a BRRRR? 

Loan balance is 280k, value is over 500k, cash flows about $1300…went to apply for a business line of credit thru my operating LLC and was denied due to losses in last years schedule E…the idea was that I use the LOC to help pay for a down payment.

It is completely free for the landlord and tenants and the site makes money through premium features like background checks, speedier processing of rent payments, etc.I can post rentals, accept applications, do background checks, create leases and send them out for e-signature all for free.

Aloha nui e @Loren Cota,Are you still in the process of looking for a house on the Big Island?

Quote from @Fareen E.: Quote from @Theresa Harris: Let her rent it back at market value-why are you giving her a discount-did you get a better price when you bought it on the condition she could rent it below market value for a while?

IRS pub 425 says, "Passive activities include trade or business activities in which you don't materially participate.

Physician by trade in NC, but interests in prehospital medicine and the outdoors.   

Feel free to reach out if you need any contact for specific trades.

Personally I'd rather sell or trade down @Bob Willis. if I needed to increase my lifestyle which I don't.

You’ll also be trading off appreciation for cash flow in those areas, so make sure to keep that in mind.If you’re eyeing a B/B+ neighborhood instead—think exurbs like Adamsville or Pleasant Grove in the west and Odenville in the east—you’ll likely be limited to condos or small fixer-uppers.