If you've got a 15 year mortgage, swap it to a 30 year (if it makes sense to do so).  

I definitely want to swap notes.I agree with the comment that the numbers barely make sense given the current rental market, and really this is about a long-term buy and hold or build/flip for someone who wants to hold.

It is the use not the type of land that qualifies it.Thanks Dave for your reply and for answering my question about swapping LTR with a STR.Sorry I should have been more clear when I wrote my original message.

When a tenants appliance fails I either do simple repairs on site or swap it out the same day and repair their unit back at my shop or junk it depending on the problem.

Section 8 inspected it and said it was good to go after we swapped some un-grounded outlets out to 2 prong. so for 4 bucks and a re-inspection we were in.

I am thinking of swapping out incandescents for LED in all my units on a forward basis.

Long story short, we instead scaled back and just swapped outside property management companies... with one we thought was more 'nimble', more dynamic... and in the end it was a complete disaster.

(Decent lot referring to not on swap land, sinkhole ridden or some other major problem).  

Let me know if you'd like to meet up some time to swap ideas.

After the capital partner receives the agreed upon interest, the earnings split swaps or goes 50/50.