Hey @Derek Bell,This sounds like a solid investment with good cash flow and upside potential!

Your short-term plan sounds spot on! 

Another sound reminder to leverage a team of experts.  

Quote from @Michelle Glover: I would say challenge it, but sounds like Kevin mentioned it changed with regards to challenges.. what changed?

@Fetch PhoenixIt sounds as though this is all one parcel of real estate? 

That’s sounds like inexperience and lack of knowledge about other markets talking.

This sounds shady to me.

@Sandra Ho, It sounds like you are talking about late payments on their credit report for things like credit cards, car payments, student loans, etc.

Give the cost of money these days is around 7%, it would definitely be nice to have a paid off rental.7% cost of money sounds like a lot until you remember that it is actually the tenants that are paying it for you while your money is sitting in an index fund making 8%.

Does this sound right?