@Jordan Moorhead I know of many single-asset syndications as well as funds that pay distributions but have negative operational cash flow.

My two partners are willing to pay their share, but they’ve also offered me the option to take over the property completely since the loan is in my name.Here’s my dilemma: If I keep the property and rent it out, I could get around $2,300 in rent, but my mortgage is $3,300 at a 7% interest rate.

Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.

Kody, you need to investigate the Pace Subto group and pay to get in. 

Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.

As long  the tenants pay the rent each month, increasing their rent will be very tough and getting them to leave will be extremely tough. 

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

You also only pay interest on the amount you use.

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

Or I'm missing something - followed threads about the conversation from different folk, though.I wanted to get to visit Niagara Falls - Canada side for the week of Christmas to New Year and been looking at the hotels.