May your next one come sooner and cheaper!

Or short term, 10-15 years, and not have as much cash flow but pay of property sooner?

I'm Duane, a new BiggerPockets member from Tampa, Florida.As soon I found this site, I thought 'Why didn't I find this site sooner?'

Bill GulleyThanks Bill :) I wished I would have done this sooner but the beauty part of life is growing.

Ideally, you are living a corporate lifestyle, where your company covers the expenses of many things for you like cell phones, gasoline, gym membership, car insurance, business trips & training, office supplies/furniture/equipment, etc.. other business expenses.

And, if you don't have experience, you may need a contractor, the property is the lender's collateral, they need to know it's done right.David is correct, you can do a refi sooner, based on costs, or appraised value, which ever is less.

Here in the DR, I have spoken to most that utilize the same setup, right now im trying to target areas that are newly renovated and have gyms and elevators.

I have them in my lease as they help get late rent in sooner than later.  

I am a friendly landlord in their eyes.Here is an added benefit for me that you, Jon, remined me of; collecting multiple payments during the month allows me to be alerted of a problem sooner.

You will have the property back and ready to re-rent much sooner.