With the equity you’d free up, paying off $50k in personal debt and boosting your credit score while freeing up $3k/month sounds like it could significantly lower your stress and open doors for future projects.That said, selling means you’d lose a cash-flowing asset, even if it’s not huge.

We’re looking to increase our lifestyle through the decrease in housing and built a little passive income medium term. 

They said they'd do it through a title company if I didn't trust them, but they really needed the 2% fee to get everything rolling for the loan.

The property was listed as a probate, so I had to go through my agent.

And I hear you on not doing the work yourself again, time is just as valuable as money in this business.I like how you sourced this deal through networking instead of waiting for the MLS.

Through the LLC structure it is possible to take advantage of the existing mortgages modified first at 4,125% 22yers and 1%, yes one percent, for 40 years.

Not the cash flow play a lot of people expect. 

Although I know most sec 8 landlords use it because of the perception of guaranteed rents.As a small home builder I really dont know how they are going to lower the cost of new construction housing unless the govmit subsidizes it somehow.. basically the price of home components are very sticky they only go up. with the xception of lumber that will go  up and down through out the year..

Sadly, it seems that cash flow on long term rentals with 20% down just does not exist in most desirable locations.

I went through the same dilemma when I started investing a few years ago.