I would like this option with my investment property.

After buying this house, I partnered with others to invest in a duplex in the Wichita area.At the moment, I’m living in Tennessee, and I’m weighing two options: either selling my house and using the proceeds to buy a duplex in Overland Park or Wichita with my partners, or keeping the house for another 3 years, transferring it to our LLC, and renting out the entire property to maximize its rental potential ( $1400-$1600 ) I currently owe $200k on the property with a 6.5% interest rate, and my monthly payment is between ($1,700-$1800).

To Chris' point, you can find lower options if you handle some of the management responsibilities.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options

Hey Alton, hows it going trying to find properties for $30,000 to $40,000 & is sourcing private money an issue?

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options 

Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.  

Neither of us entered marriage with divorce as a fallback option if we didn’t get along at every single juncture.

I’m trying to weigh my options, and could use help to decide the best path forward. 

Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.