While the income stream is much slower, the total received is (hopefully) much greater.

Suppose you have $46,000 mortgage at 8% interest on restaurant, $22,900 SBA loan, $3,900 at 1.75% interest on a microloan, $23,00 on temporary 0% interest credit cards all for the same business totaling $95,000 in debt. 

I’ve been in a similar boat and totally get how overwhelming it can be.

Having your average accounts at 9+ years is best.Now into low impact categories but they still impact your score, total accounts. 

Obviously, if they go out of business, I don't get much or anything back from my principal, but the same is true of any stock as well (I owned AIG stock in '07 & '08 haha).

Hey Kris,I totally get where you're coming from—I live in California, and it's a similar story here.

While running a large group of small landlords in Philly, i have visibility into the full realm of challenges that new investors face - and some are quite overwhelming and totally unexpected because they jumped in without fully understanding what they jumped into. 

Holding onto these properties would be most ideal for your long term wealth, obviously.

If this were my deal the sale price on a triplex would likely be around $900k, so if I bought the land for $150k, and my build costs were about $500k, I would expect my interest and carrying costs to be about 10-12% of the total of that, so lets say $75k, for all in expenses of about $725k. 

However, this is a totally new space to me- Any advice for how to go about looking for a lawyer who works with individual investors and won't break the bank?