It is usually referred to as the snowball system.If the 175k loan is relatively new you will pay (annually) about $10,000 in interest and $2,000 in principal.

The annual membership fee, around $200, is well worth it.

@Paul Martynov Many Texas markets do have high taxes with no apparent end to the amount of annual increase to them.

If you can move your rents $300-400 per unit, you're looking at $1,200-$1,600 in total per month or $14,400 - $19,200 annualized.

I'm working with another wholeseller to offer on all 14, and assign it to a buyer I already have who has indicated a price that would make sense, basically a 10 multiple of the annual gross rent.

Cash on Cash Return is the ratio of annual before-tax cash flow to the total amount of cash invested.

In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

If you don't need them you would be just as well getting the higher annual deductions than the one time claim, as either way you are going to be recapturing the depreciation if you sell.

However, the annual ROI of many of these is an easy 20%. 

If so maybe I can buy into it and pull the money out annually to stretch the capital gains over a few years?