I use Wisconsin Legal Blank forms, they are inexpensive and court-tested.

Most people can't afford that hit to their income.I recommend the two college towns, Tuscaloosa and Auburn, as having affordable houses, high rents, stable tenant supply, a number of very good management companies and landlord-friendly courts.

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

If tenant fails to appear you might win right then.

These contracts are both dated 2019 and appear to be lease agreements for solar equipment that I, nor the mortgage lender, were ever a party to.

How many times does the interest rate appear in that formula?

Just for context, I posted this question, which it appears it provoked and rubbed the wrong way to quite a few of you, just to hear others perspective and thoughts.

I would also add that most of the small multifamily I see in that area appear to be on the rougher side.

That argument wont get you far in court .

. -- appears to have some properties that would cash flow well, but may be limited on long-term appreciation.I'm looking to stick to market-rate properties.