I would be very cautious of a house that sits vacant being a target for burglary even in nicer parts of town, not sure the draw for str in that area.

On the flip side, you have to be cautious of the fact that NY is tenant friendly.

I would be very cautious buying do-it-yourself house packages.

Just be very cautious.

I think you should be cautious to outsource things as a newbie without understanding how it works, what the nuances are etc because essentially you should know your business before you outsource things...doesn’t mean you have to be an expert but knowing it is vital.

One bit of advice I like to give “data guys” like yourself is to be cautious of over analyzing the numbers.

@Steve Morris it sounds like you’re concerned that I’m not being cautious.

Option 1:Pros:Simplicity: You avoid the potential complications of alerting the lender.Maintains Low-Interest Rate: Since your loan is at 3%, you continue benefiting from this favorable rate.Avoids Immediate Full Payment: You won’t be forced to come up with $45k immediately.Cons:Risk of Detection: If the lender identifies the payments coming from an LLC, they might call the loan due.Potential Consequences: If the lender enforces the due on sale clause, you might be forced to pay the remaining loan balance quickly.Option 2:Pros:Transparency: Being upfront might build trust with the lender.Possible Flexibility: Given your solid payment history, the lender might agree to the arrangement.Legal Compliance: You avoid any potential issues with violating the terms of your mortgage agreement.Cons:Risk of Loan Acceleration: The lender could still decide to call the loan due, forcing you to pay the remaining balance.Potential for Higher Payments: If forced to refinance, you might end up with a higher interest rate.Given the pros and cons of each option, but a cautious approach might be best:Consult a Real Estate Attorney: This can give you a clear understanding of your legal standing and potential risks.Evaluate the Importance of the 3% Rate: Weigh the benefits of keeping your low-interest rate against the risks of potentially having to pay off the loan early.Consider a Gradual Transition: This method allows you to continue benefiting from the low-interest rate while reducing the risk of triggering the due on sale clause.

I would be cautious about using "national averages" as a way to try to qualify or disqualify someone. 

I'd be cautious about overleveraging yourself, as an inexperienced investor.