You could also add cash to your exchange account to reduce the debt replacement if you wanted. 

@Kenneth Joseph PerfidoFrom my experience, you’re in a great position with your Newport property, strong cash flow, and a low 2.8% interest rate.

This is why I prefer the cash-for-keys approach.

:)  Is it still cash flowing after the refinance?  

But if your goal is to leave your day job soon, multi family will offer more cash flow typically.

Eventually people die off and the homes go up for sale cheap, get abandoned and the park owner picks em up cheap and takes in the extra little bit of cash for the POH rental. 

Hi, I'm a Broker in MA with just one agent in the company (my admin). Mainly the Brokerage is for me just to sell the properties that we fix and flip and save the commission. We do about 20-25/yr so financially it mak...

Meanwhile, gross rents of $1,800+ for 3-bedroom single-families is an achievable figure, so it’s possible to generate cash flow if you lever modestly.There’s a bunch of other stuff that’s worth highlighting—the economy, demographics, neighborhoods, new construction, and more.

But he learned a lot and he can ring the cash register.  

Jumping into REI with no capital is not worth the risk.