I like the idea of paying down your debts and getting rid of a car payment, but you can do this much quicker with access to that capital you are locking up. 

This gives a lot of flexibility and allows you to buy a property like it was a cash purchase which is quicker and with a whole lot less paperwork.

They tend to clean up and get out quicker.

So I went from self managing to outsourcing activities quicker than I anticipated. 

At this point, you have to decide if it is worth it to you.In my case, I see value in attracting a tenant quicker and retaining that tenant. 

You still build wealth through debt pay down, but you can increase equity on a much quicker scale.

I prefer it for flips vs buy and hold because you get your money back quicker and can get the HELOC paid off.3. 

When evaluating your loan vs. your rental income, is it better to get a longer-term loan (i.e. 30 years) and have higher cash flow versus a shorter-term loan (i.e. 15 years) and have negative cash flow but pay off the loan quicker. 

The lower fees, quicker time frame, and flexibility make them very attractive.

Also, markets with more appreciation allow you to scale quicker with cash out refis or exchanges.