Thank you for the input and feedback, I'll continue to further look into the numbers on the project and keep posted on any updates.

We have added more utilities to the land, build cabins, and will continue to add more value with new cabins.What was the outcome?

Should I continue renting to him since he is paying?

While I was out there the business in Phoenix continued so I was able to manage AZ while being in SC and learning your market.

I have enough in savings to pay for it but I keep asking myself should i just sell it and get it off my plate and lose the low interest rate or bite the bullet and do a big rehab and continue renting it out.

If no useful seeds are put into it, then an abundance of useless weed seeds will fall therein, and will continue to produce their kind.”James Allen, As a Man ThinkethThe human brain is much more powerful than many realize.

The instructor was not very helpful so I figured I would ask here!

This way, you can continue scaling your portfolio, leveraging the benefits of owner-occupied financing while building equity in each property.It's a great way to grow your portfolio while taking advantage of favorable loan terms typically reserved for primary residences.

I believe you misunderstood your lender or they need to take some continuing education classes.

The property does not hit the 1% rule currently but I believe with all the continued development in the community that within the next couple years I can raise rent enough to hit the 1% rule.