It defers taxes and lets you get into a more stable property.

@Kathy Tran make sure the tenant is paying CLOSE to market rent.Do NOT be short sighted over a 5-10% difference.A good, stable, long-term tenant is worth at least 5-10% less than market rent.On the other hand, did you get the rent ledgers?

@John UnderwoodUnderstood, but do you think it should ever cross my mind in the future to dive into the STR realm so I can maximize tax-write offs (Passive losses offsetting active/earned income) from my Job later or just stick with the good, stable, LTR’s? 

@Russell Brazil , North Laurel is not a bad area to invest if one is looking into high value, stable appreciation property, and low maintenance tenant.

Your resident based will be much more stable, turn costs will drop.DM me if you have any questions. 

Not so much in a stable middle.

Lastly, if you're considering a career change or starting your own business, it will be difficult to qualify for a mortgage until you can show stable/consistent income.  

We have a one-year-old son and want to give him a stable future as well as a solid financial education, one that we are just now working on ourselves.

As a lender, I look at rate sheets and loan estimates literally all day long and for the longest time when rates were stable or declining it made little to no sense to pay points. 

Despite the dip in occupancy, rates remained stable or even edged a bit higher compared to last year.