So, in your example it might be at 9% interest rate which would make the weighted average HIGHER than taking out a mortgage at today's interest rates because the 2nd mortgage would be 3x as much as the 1st mortgage. 2.

We have project management software, Buildium, so the day-to-day tasks there are fairly well taken care of. 

It's less work than an airbnb and in today's market it can be more profitable than an airbnb. 

While the Fed looks to continue their trajectory of cutting short term rates, I suspect the mid and long points of the yield curve (particularly the 10 year, which is what most mortgages go off of) will stay elevated. 10 Yr treasury today is 4.4%, but if it goes up to 5% or 6%, your mortgage will likely be in the 8% or higher level, which then hits CF even more.  

Kind of like todays guy Pace Morby  lots of BP folks take a shot at him but I bet he has made well over 50  million selling his system.

Build a reliable team on the ground, plan occasional visits, and trust your general contractor to handle the day-to-day.

Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.  

I would not pay down my primary residence so fast as there is opportunity cost that you would lose and like you stated, time is money. 

Today is July 1, 2024There are currently OVER 30 Homes For Sale listed by SOWAE CORP in Queens, NY...If they have done this over 5 years, it seems there is no intention of any platform caring about their fake listings.

Buy truly below market by offering a very fast close, all cash, without the need for financing.