I currently own 4 rentals in different states and looking to buy more.

That is a different RAD Diversified.

One foyer entry and then two different doors after that which I labeled 100 and 101. 

As I tell all landlords, New Jersey is a different animal than any other state. 

Keep in mind we are a "Mega PM", big staff big unit count, so it's a lot different then the Ma & Pa, but the principles can apply.

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

(So therefore we wouldn’t have to pass on the cost of the repair to him ie. the tenant).Now, several months later, I contacted the contractor to ask if he would be to provide a price estimate for a different job at our house.

Would this be something different from what you can Google and find other articles on? 

These properties include different foreclosures and those that sell below their market value.

The increased cash flow would make such a substantial difference in your daily life that not paying it off would be foolish.Outside of that, I can't see many reasons I would take a 15% tax hit to save 4% on a mortgage, which is really only effectively about 3-3.5% depending on your tax bracket.