As cost of living continues to rise there, this will remain the narrative.

Zero taxes but zero income.Untaxed "income": 100k (from the refi)Taxed Income: rent from 14 remaining properties. 900*14unit*12mo = 151k - taxes = 120k?

You are right in your comments but the crux of the topic remain the same. 

Specifically, BG should remain strong due to the local demand and anticipated growth in the area.2.

Let me know if my thinking is on the right path.Q2: This is reassuring to know.Q3: In asking this question, I wasn't concerned about recouping the remaining rent, but whether he is legally obligated to pay it.

But thats only in year 1.Where things really work out in real estate investing is over time as the mortgage stays the same but the rents increase.After year 6,  that property would be worth 1.33 million (again, assuming the 4% appreciation) and they'd have a remaining loan balance of 791k which gives them 539k in equity. 

However, please remain positive.

I am actively researching markets like Cleveland and Columbus, but I remain very open to other opportunities.My goals are to successfully fund and execute a BRRRR project, build a team of veteran investors and mentors, and continue learning to attain financial freedom through real estate.Excited to connect with seasoned investors and mentors.

Then you are "allowed" to spend the remaining $850 on mortgage and other items.For my Bookkeeping Clients, I suggest to them to use a Savings account for these items to add interest income to their account until they need it.

My strategy right now is to sell the land to a real estate developer to develop the home at a steep discount ($150,000) but make a claim on the stake of the overall project to get my remaining money back, plus the profit of the build.