It has 3.125 percent and I’m sitting at about 100k in equity on that property. 

I never said OP should expect to sit back and collect a check without dealing with any issues.

Of all the 7 beds for sale, yours is as good as or better than almost all of them, but they are also sitting on the market a long time.As far as your decor, a good thing is you have laminate or LVP flooring, which is a big plus, the missing spa is a big deal.

Good Point Don, but If I sit on the side lines and try to learn everything before jumping in, I might end up on the side lines forever. 

It's gotten so bad that for the last 2 months I've hardly looked at any properties and my downpayment is just sitting in a savings account. 

You can sit and watch the auctions happen live every day that they are occurring.  

If you try to charge more than your property is worth it will sit empty.

I currently sit anywhere in between 6-8%.

I can't believe that NY real estate interests are content to sit back and just accept it?

I’m a fan of using equity just sitting there doing anything for me.