You should be seeing some cash-flow if its a 1% deal.If you sell the property now - the gain isin't so greatSales price $85,000Less Commission of $4,000Less Misc Closing costs $2,500Less cost basis of $68,500Gain = $10,000You then have to pay federal income tax(STCG) which is your marginal tax rate.You also have to pay income tax to Indiana of 3.3%I don't know what your marginal tax rate is but you are giving up the cash-flow for maybe $8,000.I would personally keep the property. 

Get that tenant out before he figures out the heavy hand of government rent control. 

Ryan,You may want to try First Federal of Lakewood (FFL) or LimaOneCapital.  

Government knows what's best for us after all.Mboro is a rock solid rental market.

My goal is to convert all of my units to government program funded, so this might not make sense since it seems as though most government programs require that the landlord pay all utilities anyway.3.

Then corporate tax would be only the federal component of 21% max. 

Most all are rented with government agency subsidized rents such as Section 8, as all bills paid units.

By refinancing when rates dropped last fall (to 4.25% for a 15)  I 'costed' him a $9k federal tax bill. 

If that's the case, I would highly recommend you trend very carefully and focus more so on whether what they teach adheres to Dodd-Frank and SAFE, aka major federal laws on residential financing transactions.

—We use the government site for housing allowances, and aim for E5-02 tier rates, and we buy in areas that are in demand.