It is a duplex near scranton PA. the Mortgage is about $2,400 and each tenant pays $1,550 monthly in rent so I make about $700 in cash flow monthly.

For those willing to embrace a broader horizon, long distance investing not only enhances potential returns but also builds a resilient investment strategy with significantly lower cost to entry for real estate investing.I’d love to hear your thoughts: would you consider long distance real estate investing to seek out greater rates of return and a lower investment cost?

I've also seen it where legal counsel has had each of the spouses form their own single member LLC and those LLCs purchase the new property as tenants in common.Food for thought - You'll almost always get a better interest rate and terms buying as yourselves. 

Notice that the next lines 7b and 19b are for actual Mortgage Loans.

Some will tell you to make the change anyway but that seems a large risk in this high interest rate environment.

Roll them all up and the averages are:purchase $154krenovate $47Ksell $232kThese are gross numbers, not including closing costs, borrowing costs, holding costs, licensing and permit costs, G&A, overhead, commissions, forward rate buy-downs, and lease-up fees, to name a few of the many expenses incurred. 

If the number of rental exceeds the FHA standard then nobody can get a new FHA, owner occupant mortgage. 

Because of where interest rates are at—and how slow everything is moving—we basically made a "take it or leave it" deal.

She charges a flat 10% rate. 

End his lease, and find a tenant willing and able to pay market rate.