The profit on the property decreases so much by hiring a PM instead of doing it myself it makes me crazy.   

Tracking multiple opportunities and following up on ones that may decrease in pricing, or a neighbor who knows a guy moving, etc. 

Here are a couple thoughts:1) Lower monthly payment, building equity, possibility of rental income to further decrease your out of pocket expenses sounds like a win. 2) You may have tax planning opportunities depending on how you own the property and how your business is set up.3) Around here, there are a number of office buildings that have various psychologists and counselors in them.

It is driven by mortgage rates and tenors available to buyers.As rates decreased over 30 years, most markets where supply is limited have seen a sharp decline in affordability.

In this specific case, limiting rent increases will reduce future cash flow and decrease the value of investment property.

Allow them to take the lion’s share of the profit but you’ll make a little cash to roll to your next deal and you’ll get the experience of working through a deal while also decreasing your risk.

I actually need to decrease my income for tax purposes.

The payments for a partner/private lender over 3 years will be MUCH higher and decrease your flexibility if you find another property to invest in.As far as banks, shop around and make a new post on BP specifically asking for banks that do what you are looking for in your area (or Kansas City which is big and has lots of BP members).

Here is something I found on a home guide website...Landlord CoverageMortgage lenders want evidence that the borrower has sufficient coverage (at least equal to the mortgage loan amount) that protects the property itself against fire, wind, water damage or other named hazards that might decrease the value of the real estate.

Would you be decreasing your interest rate as well?