I often do them in this type of situation. 5 In my state, you can only divide once every 5 yrs or you have to apply for a subdivision.

- Must have stayed at your current rental >2 yrs (new as of today) although I did this verbally prior - 4500 take home house hold income from W2 verifiable jobs

Hello,I am writing this post because i am in a delima.I currently own a multi family property which i purchased with a preexisting tenant that has been living there 15 yrs prior to now.

15 yrs from now?

We have around $2million kitty (little less than that).We have done investments before but they were around 60-70k, so this amount is way more than what have handled before.We still hold the previous investments but were wondering if :1) we should split that amount into 70k each and continue doing what we were doing (SFR)2) or should we step up our game split it into 3 tranche of 600k each.3) or just do 1 investment - no diversification.We have been investing for around 2 yrs now - learnt a lot from BP - returning to it after almost an year after applying my lessons from here.Looking for ideas/criticisms.I have other questions but i guess they will spring from responses below.

The other thing is refinancing from FHA to conventional (takes 8-9 yrs to reach 20% equity w/o app or depreciation) would take away the PMI and bring down the PITI to 2100 with 4.5% financing which would make the cash flow better, but would start over the 30 year term (not sure if that's good or bad to do).

The other thing is refinancing from FHA to conventional (takes 8-9 yrs to reach 20% equity w/o app or depreciation) would take away the PMI and bring down the PITI to 2100 with 4.5% financing which would make the cash flow better, but would start over the 30 year term (not sure if that's good or bad to do).

@Justin TahilramaniIsn’t it better to buy down pts since I plan to keep the property for 12+yrs?

I am 58 yrs old and the light bulb finally came on!!! 

I would like to get out of my current career (restaurant management 15 yrs).