I don't plan to ever move the property, and I want to keep it as a rental as long as possible.Thank you

If you do not have liquidity keeping money liquid in stocks has value, whereas if you do not need the liquidity then yes recasting the mortgage may not be a bad idea. 

Finding it through your Facebook sphere shows the power of networking, and keeping the rehab cosmetic was a smart way to minimize risk and maximize profit.One thought: Have you factored in holding costs, loan interest, and potential market fluctuations during the 45 days?

Yes, I learned through the BP podcasts that these vehicles are out there. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

And just the other day, I was grabbing coffee with a friend who reps a group of invsetors out in San Antonio.. they got burned early on by not clarifying their rental criteria, picking up a triplex that sounded good on paper but turned out to have a revolving door of problematic tenants.A baseline business plan isn’t just a mind-numbing exercise.. it’s the guardrail that keeps your momentum from swerving off into the ditch.

Quote from @Jaycee Greene: As long as you feel you can cover large capex, there's not much need to keep much cash in the account, though I would keep the SD in there, so it looks like you're not co-mingling funds. 

You know what the payment is so you can add that amount to the customizable expenses which would obviously skew your ROI and would not keep track of your pay down and that type of thing.

Keep learning and assessing your financial position as you grow.Good luck!

I am keeping the front facade the same, so only the rear and side of the building will look different.