I guess I was getting a little bit ahead of myself when trying to get creative and derive value.

When the title company, escrow agent or attorney prepares the closing documents, they simply factor in the second mortgage payoff amount into the final distribution of funds to the seller.A second mortgage should have little or no effect on a homeowner's ability to sell her home.

In one of my buildings where my case is similar, I give an additional "front door" key to each tenant, and upon any turnover, will rekey in 30 seconds and distribute new keys to the tenants. 

Get on all the Multifamily brokerage distribution lists. 

Euclid is interesting as there is an Amazon distribution center opening in 2019 which will bring over 1000 jobs to the area. 

My sister moved into a cj management position decades ago and Immediately stopped taking sex offender clients because she could...she decided how the case load was distributed.

@Aubrey HardmanI believe the answer you are looking for depends on your personal goals and what phase you are currently in.Phases of a RE businesss - Buy a Million(Acquisition), Own a Million (Growth/Optimization), Distribution (Maximize Cash Flow)If you are still in the Acquisition phase of your business, you should be setting all of those funds aside for acquiring new properties or investments to add to the portfolio.Keep in mind that the ROI is often better keeping the property leveraged by cash out refinancing and putting those funds to work as well during your growth phase.

Is there is a typical LP/GP structure, with an LLC owning the equity in the property, doesn't the property get depreciation deducted on the income statement, and then there's pre-tax income, then that's taxed at the corporate rate, and then after adjusting for capex, net free cash flow is available for distribution to the partners?

Insulation derives it’s R-Value from the thickness of the insulation.

It has banked its hat on since the 80s as a distribution hub.