The shorter the prepayment term has an impact on increasing the rate.4.

I would like Lawrence or areas that are starting to increase in value but not as high currently. 

My motivation is to increase my financial literacy and diversify into real estate.I have rented all my life and seek to become a homeowner/ investor to help my family and make their lives easier.

Tell him it's time to do a remod and as a business you hope to market the place at a substantial increase.

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc.....

Would it make more sense to move the money we make from selling to a different property that could potentially increase our cash flow? 

Property is $6.5M, leased for 20 year corp-guaranteed with a current rent of $450K (10% increase every 5 year).

The home in mn over 20 yrs averaged 2.8% increase per year.

They bring higher tenant turnover, limited cash flow, and attract traditional tenants who aren’t your ideal long-term buyers.

There may some merits to investing upstate/western NY, but I would suggest doing some serious homework into eviction timelines, annual rent % increases, etc.