I am actively digesting as much as possible so that I can become an educated investor.

I am doing my best to digest as much knowledge as possible but I usually find myself stumped in most forum and blog posts in regard to acronyms used and different vocabulary, especially when it involves financing.

I have already learned and digested a tremendous amount of material from the stories im reading, informative post all around, and reading through the BP books.

Thats a cash cow strategy here with the rents coming in at almost double market rents.

That's about the right amount of leverage for a solid, wise, well researched (including future cap ex and realistic vacancy expectations),  proven cash cow BARGAIN buy in a GREAT NEIGHBORHOOD!

After that, payments in excess of the required monthly payment go directly to principle and have an immediate effect on the next months payment, ergo the cash flow changes in your favor.You can 'tune' your capitalization to the level you're comfortable with and then just let it ride.Personally, as a Buy & Hold investor and title QC into a Living Trust for our beneficiaries, I took an inheritance and threw it all at the balance and created a massive cash-cow. 

If the plan is to pay them off and reap the rewards of a cash cow, I see that as viable.  

@Cindy Szponder @Huiping Sheng - I do not see how going through the trouble of a 1031 and then finding another money making property would really be worth giving up this cash cow.

If you tell her the rents are below market, she may realize she's sitting on a cash cow and decide to milk it.

Just because its in its own room doesn't mean the basement can't fill up with CO.  We