Getting into these properties as a non occupant coborrower (all the money invested to get in was mine) was a less cash heavy way to get into the properties versus as an investor.I already have great equity in these properties and prices continue to up.Sounds like, so far, the consensus is to sell the properties and roll the money into other non-condo units.

Quote from @Cierra Butler: Jonathan, The tenant does not currently owe any money.

I’ve read Kiyosaki’s books, too, and they completely shifted the way I think about money and investing—such a game changer.

Double coverage seems like a waste of money to me and a possible finger pointing fiasco if a claim happens.

Did you borrow money from a local bank/credit union for the remainder of the purchase price or did the funds from your 1031 cover all of it? 

If you have been to these towns, they are good examples but very difficult to enter and make money from. 

Hard Money loan How did you add value to the deal?

The money spent doesn't make sense vs the increased rent.

This way you learn and make a return on your money.

I have a 401k/457 sitting there as stagnant money in NYC.