I highly encourage all my tenants to keep open communication with me about any struggles to pay rent, and generally they do.

I think since it's personal and you're the only owner, I would open a high-yield savings account and get 4-5% on the money.

Hi fellow investors,
I have several owner-financed mortgages in my portfolio with interest rates of 10% and higher. I’m exploring the option of selling these notes and would love to get your insights on a couple of k...

I don't like it I have to be honest - I think part of the reason you're cashflowing is the low interest rate and relatively high downpayment.

My story, with 1/1000th his wealth (or less.) builds on Jay’s idea of zero debt (I only have a dozen homes worth mid to high 7 figures, but I owe zero.), along with his idea of where you come from and your life experience determines what you need to feel like you couldn’t spend all your money without wasting it.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

(Minimal competition, high demand, and 20 year operating history with repeat & longterm clients) Agreed!

This leaves me $700/mo (plus $200/mo in reserves) to pay myself, which seems high for a “house hack”.Hindsight being 20/20, I may have bought out of my price range.

My suggestion is to buy a property worth more than $1M since anything cheaper for 4-plex will not be high quality.

Om rrandom bit of advice: you might be able to get by with 1 high-speed internet account if you use aseries of good Wi-Fi extenders, like Eero.