Quote from @Jennifer Fernéz: It sounds like you are embarassed to charge the $50 fee.

Hey Jokari,That equity loan sounds like one that you need to get out of.

Quote from @Bruce Woodruff: @Nathan Gesner Sounds like you've been there, done that, Lol..... 

Of course "hoping" rates will come down is not a sound strategy so finding a way to assume a loan that already took advantage of low rates is a great option.If you were starting over and targeted a large SFH, would you try to maintain the property in a way that would still attract regular homebuyers (not investors) if you needed to sell?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Sounds like you put in a ton of work to maximize the value, and that basement addition was a smart move.I noticed you mentioned the NYC luxury tax and some of the rental pricing challenges—have you considered expanding your portfolio in markets where you don’t have to deal with those kinds of headaches?

I have 3 MTRs in the same neighborhood as you it sounds like.

The culture shock hit us immediately, and we struggled at first—it wasn’t easy, but we were committed.Unfortunately, that initial investment didn’t pan out.

@Leeling Chew, Sounds like you have an irrational tenant.  

"Getting in" is easy; making money, managing the business, with the increased financial risk of commercial properties is a whole different game.