@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45% Lessons learned?

The way I'm looking at it, if my spouse and I only do employer matching for the 10 years we would have more than enough in there and still 10 years out from being able to access it.I do plan on doing 401k loans for deals if the numbers check out, and I've considered rolling over some of our 401ks into roth IRAs to access our contributions but we'd have to pay taxes out of pocket (a big hit to cash flow) and we couldn't touch it for 5 years.  

Something to watch if you are mindful of the government being over-involved in nearly every single LLC registration.

Either way...... gotta love The Heights......people will pay that amount to rent .,,,,,, instead of building wealth

Qualified renters can opt to pay a non-refundable monthly fee instead of a traditional deposit.

Don't sell anything but awesome community to be around like minded individuals

There are some places that you pay dues every month or every year, so sometimes you're buying a liability.   

AND I usually pay a little below market rent, but put a little into the cleanup or fix up of the property.

I would rent 3 or 4 on long-term to get someone in and paying right away.