Thanks for the suggestion. to answer yours, I’m hoping to start with acquiring, then eventually development.

Mortgage balances go down and eventually get paid off. 

Eventually, the LOC will pay down and you can draw from it and throw the money at your home loan.

They are not wrong, you will eventually need a repair.

No renovations, but cashflow negative (wont hire property manager anymore just to breakeven) @$170-18503. 1031 and buy in WA where we can manage on our ownSame problems with others, we have limited cash available. if we do buy on WA , few concerns are:We are intermittently rehabbing our current home to be rented as Nursing Home eventually hopefully in 2 yrs. home in WA are more expensive and would need higher downpayment and it would be challenging for us because our DTI is high already, we would have do to a dscr thats 100k++ DPSorry for the lengthy post, hope to hear from you!

Stack, a fact which should come as little surprise :) An eventual future bill now seems likely to prohibit conversions in Union City alone. 

He is in the media business and knows that eventually this thread dies.  

If you eventually do hand it off, then you will know what makes a good property manager or not.

You won't be forced to de-convert unless you have violations...eventually the city will start fining you.Very critical terms are non-conforming (no violations - grandfathered in) vs. illegal (violations)...

Additionally, last week I received this email from them as well...seems like a rob Peter to pay Paul scenario...none of which sounds good...Secured Note | 17% Interest | 12 Month TermMy partners and I are raising $5 million of short-term expansion capital for the Money Is Mastermind, our exciting and profitable growing business.We have roughly 1,900 paying members with a current valuation of $43 million.