@Juliann Morala if you're going to rent it out, start with a PMC! 

Is your total monthly rent around $12k?

It's time to start the process as everyone else mentioned above.

It can totally be done, even in this market.

I will add that you definitely do not need to be near your investments, but it makes things a lot easier when you first start off. 

But about 1 year after we bought the property, they started cracking down on the homeless in downtown Jacksonville moving the crime to the neighborhoods just outside of Jacksonville.

We have renters there now and they cover the mortgage with a bit of cash flow ($100/month), but the property is going to need some more major updates (windows, roof, HVAC, siding) within the next 5 years as they are starting to be at the end of their useful lives.We would like to pay off our primary residence as quickly as possible to “free us” from mortgage payments on our primary residence.My questions are below:1.

If you want a registered agent, there are services offering that starting at $40.

Start looking for a new PM.

Really expedites the time it takes to reach FI when you can completely eliminate your housing payment and get into multis for such little down and start building equity/cash flow with each one.