Yes that's what it will ultimately cost. haha

Hi Melanie, Regarding updates, it was certainly a poor choice of words on my part.

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Ultimately, the decision depends on your tolerance for waiting.Good luck!

To kind of give you a sense of what you are asking, it is like me asking you if Eating Out is a good choice? 

Ultimately, it comes down to your strategy and how much you aim to scale. 

Our two choices were Appfolio and RentVine.

The wise choice is to hire a professional property manager in that area until you have enough properties to justify moving someone there. 

However, that won't work for several reasons:  1) The lender is not going to finance the $15k assignment fee2) The lender isn't going to consider the purchase price in this example to be $150k, they would typically use the $135k price in the original contract, and 3) In this particular example they may not even use the $135k price because it's not an arms-length transaction since it ultimately boils down to a deal between you and your father.I applaud you for trying to be creative, but ultimately what you're proposing isn't going to work and it's going to make the transaction a lot more complicated than it needs to be.

The choice between maintaining liquidity versus reducing debt will largely depend on your priorities and future investment plans.As for subdividing or CPRing the property, there are several advantages.