Is it best to just throw cash flow at the loan untill the principal is paid off (current cash flow between the two properties after interest and all expenses are paid plus vacancy rate = about $250 left monthly) refinance at renewal to pay it back in full? 

Are they free & clear or have loans on them?

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

house hack is possible. base way to get feet wet

I'm currently in a rent to own house we are moving out of and will be renovating and renting.

We have a great house in houston that is an ideal wrap.

You can probably just go ahead and live in that 5th unit, but I believe whenever you go to refinance it with a bank or what not, the 5th unit will make it require a commercial loan and not residential regardless of what the county records show the property to be. 

@Drew Sygit Cool thanks I'll look into DSR loans! 

There are a few Dundalk neighborhoods I'd stay away from but for the most part it's a great area for house hacking/BRRRR.

@Kyle Shipleycan you house hack?