Quote from @Efrain Flores: Quote from @Tim Delaney: Based on rent of $1500-1600 and mortgage payment of $1700-1800 which doesn’t even include maintenance, management or capex it doesn’t seem to make any sense to keep it as a rental.

Realtors listing is a great way to market it, Facebook is also an underutilized method.

So, some food for thought.Trusts seem to be the preferred method of liability and asset protection among the wealthy.  

I would keep the property and eventually refi to help get your payment down lower.

A HELOC could help temporarily if you plan to payoff the balance quickly and are planning to save on monthly payments in the short term.  

Interest payments hit my account as expected.

We were discussing options for payment as we don’t have a lot of capital at the moment, however they have a property that has a bit of equity we could tap into, but they already have a favorable interest rate.

This has to do mainly with the timing of property tax payments for your own home (not for your investment properties) and your charitable donations.

Or like your plan use it all as a down payment on a much larger property.  4.

You should always look for Tax-Deferred and Tax-free methods to Invest.