The problem with selling is a lot of that equity will be lost when you sell it either through taxes or payments to your listing agent.If you ever have the ability to limit these types of fees and still be able to use your equity to fund additional purchases I think you should.

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.

If you can rent it for enough to cover the principal, interest, taxes and insurance and still put money in your pocket, plus cash flow on the property you're purchasing, that would be ideal.

When we looked at what his cashflow is currently, and then considered what he would net out of a sale post tax, he decided to keep owning the properties.

You mentioned gross rents of $3400 per month and Principle/Interest/Tax/Insurance of $2500 per month. 

He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.

One caution when using crypto to acquire property is being aware the tax ramifications are identical to if you converted to cash first.

The property tax is higher than other markets, but generally, the numbers still work. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

✅ Typical origination fees?