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Buy a fourplex so you have a place to live and three rentals to cut your teeth on.

Are you going to give them a cut of the profit?

I assume cut value by 20%?

Back in the world of 3% rates, you could get a HELOC instead of the primary mortgage and lower your daily balance and cut down the life of the loan significantly.  

In short, don't cut corners and it will profit you later.

On average, we see rates eventually drop to around 37% lower than where they started at the 1st cut by the end of the rate cut cycle.

Given the details you provided, I personally might not want to settle this in mediation with this tenant however as I'd probably just want a judge to cut through the BS and tell them to pay up and get out at this point.

Congrats on having the cajones to cut the chord.  

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