Say $50 k of 15 year or less.  

Quote from @Steve K.: I would sell and invest in a better location closer to home.

Quote from @Steve K.: Quote from @Jonathan Warner: Quote from @Dan H.: 1) cannot qualify for traditional financing2) fears appraisal will come in low3) fears buyer will back out so reduces contingency optionsnote for cash purchase I expect a significant discount.  

Quote from @Luka Jozic: Quote from @Jim K.: Before the fur starts flying, can I at least make one simple statement about this situation?

Quote from @Jim K.: Quote from @Sarah Kensinger: Quote from @JD Martin: Quote from @Trent Reeve: Quote from @JD Martin: Whatever toilet paper you use make sure it breaks down fast and easy in the toilet.

We financed doing a 203 K loan How did you add value to the deal?

In terms of the second scenario, the upside I see is the option to get a different kind of loan (say, FHA with a lower down payment and other assistance programs for K-12 educators like me) since I'd be getting a new primary residence instead of a second home.

Realistic because I see people do this all the time, but hard because the amount of deals and capital it takes to get to 10 K passive per month is no joke.

Quote from @Jim K.: Quote from @Jay Hinrichs: Quote from @JD Martin: Quote from @Jay Hinrichs: Quote from @JD Martin: Shoot, that's nothing.

I don't see any deficiency there at all.