Ideally, I'm seeking an investment property that is self-sustaining and generates consistent long-term income.

Readers should seek professional advice.

Readers should seek professional advice.

I'd politely tell her that if she isn't happy there (which seems to be the case) you will give her the one time option of breaking her lease without penalty if she moves out within 30 days (eg Nov 15) and that she has until Oct 15 to decide if she will be staying or not.I agree with Kevin about phoning and then follow up with a brief summary of what you talked about via text.A lot of people here own a few places (not dozens) and most of us also have full time day jobs, so balance the two. 

Hey everyone!
Anthony here, my wife Chynna, and I are relatively new to real estate investing, but we’ve already taken our first steps by acquiring two multifamily properties—a triplex (where we currently live) and a...

Jokes aside, I believe @Noah Wright's post brings attention to another issue and that's the smaller investments many capital raisers are seeking.

I did find verbiage but from another jurisdiction "Unavailable for rent means a unit whose owner has filed with the code official a statement signed under penalty of perjury that such unit is not offered or available for rent as a rental unit and that prior to offering or making the unit available as a rental unit, the owner will apply for a Residential Rental Business License and comply with any applicable administrative regulations adopted pursuant to this chapter...."

I can not fathom how you were not informed that this was a DSCR loan and you should absolutely inquire about the specifics such as whether your are IO or not and the pre payment penalty. 8.4% is high in todays rate environment, even for DSCR.  

We'e had several clients seeking a second home/rental refuge from harsher climates here to the Oregon Coast this year.

If you are younger and seeking to rapidly build a cash flowing portfolio, if you are wanting to continue 1031'ing into bigger assets, or if you do not have the cash to take down entire deals without financing, leverage makes a LOT of sense.If you are retired (or rapidly approaching retirement with a level of uncertainty or concern about what your post-retirement income will look like), it could make sense to begin paying off properties so that you reach a point where your expected monthly cash flow will exceed what you need to live comfortably after retiring.