Paying off the mortgage can provide peace of mind and simplify retirement, while keeping the debt allows you to leverage your funds for higher returns through investments.

My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).  

Depends on how much you are raising, but have you been able to consistently earn money in waht it is you are trying to do?

Quote from @Amir Khan: Quote from @Nathan Frost: Quote from @Amir Khan: @Nathan Frost I don't have AMEX but do have several business lines of credit with other providers.

It's not illegal provided you're dislosing it to all parties and not trying to actively hid it.

Also, did they provide you those terms off the bat or after explaining your project?

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

Quote from @Iris Wu: @Steve Mitrano, Hi, Steve, do you mind providing an update on what you end of doing in this case?

I do have two really good mentors / coaches I work with that would be able to provide more input but they do charge for their time.