Joe, he sees lease option as renting it and he doesn't want that.

Thank you very much Joe!

Not going to become "Joe Realtor" at a big brokerage, but the license will be quite valuable for our existing transactions and I think we will benefit from access to info on the MLS, etc. 

@Joe G.The main reason why Bank can’t sell the house is that ex-owners live the nest door of Bank’a property.

@Joe WoodThere are many ways to reduce taxable income.

I, wholeheartedly, agree with what both @Russell Brazil and @Joe Villeneuve said.  88% leverage, 3.5% fixed, amortized over 30 years for 5 year money is, frankly, unheard of in today's market and very cheap money. 

Detroit is blowing up, but like @Joe Villeneuve said not all areas are the same.

Hey @Joe DeLuca, I use Anthony Greco at Best Insurance.

Ask for Joe Atha.

Agree with @Thomas S. and @Joe Villeneuve :  Extracting the equity to redeploy into either a new asset class or a diversifying RE income stream would mitigate the risk of that equity evaporating due to market conditions.