This deal reaffirmed the importance of partnering with local market experts like Erika Gilbert.

I am far from an expert in this field as I have been learning alot myself but cap rate does play a role in your type of business.

With a $950 mortgage and rental rates around $1,500, you’d have strong cash flow and continue growing your wealth.

I suppose here is a good time to ask you all, the “more expert than me-s” in the thread: on a scale of “5% return standard deviation bond market” to “15% return standard deviation stock market”, where would you put the unleveraged, post expense rental income of a well managed (aye, there’s the rub) SFH portfolio?

While James was on here continuing to bash me and others, acting like some special kinda crayon my agent was working with title. 

5K rent seems cheap for the area so I would continue with that.

I continued paying what I had paid before, with the additional money purely going to principal.The recast to a lower amount was purely to reduce my committed monthly payment to a point that I could get my property to cash flow if I had to move out (job loss, etc).

Build a local team of experts, and after a year, refinance to fund the next purchase.

If these servicing companies can’t get their act together and this pain in the neck activity continues, we may just pay these loans off entirely or refinance with our local credit union.  

You’ll need an expert like @Dave Foster in rewards to doing a 1031 for your business.