Quote from @Ian Hutton: Quote from @Jay Hurst: Quote from @Ian Hutton: Hey everyone thanks for the feedback, I did forget to mention I plan on buying more properties (which is why I’d like to reduce my debt) let me know if that changes any answers, but sounds like paying off the 88k 6.4% interest is the way to go  If you plan on buying new properties do not pay off any debt.

Your plan sounds feasible, but there are a few things to keep in mind:DSCR Loan Flexibility – DSCR (Debt Service Coverage Ratio) loans are designed for investors, meaning there typically aren’t occupancy restrictions like conventional loans have.

In theory, the plan sounds solid especially since you're both on the same page.

In your case it sounds like your short term goal is to acquire your first property. 

Hey @Shawn AckermanWow- that sounds awesome. 

Your approach sounds solid!

Sounds like it has ewuity another is bring on an equity partner 

Does that sound right?

Quote from @Stanley Yeldell: Hi Scott,It sounds like you're in a great location for mid-term rentals!

I own 2 small multifamily properties (4 unit and 8 unit) and it sounds like the big opportunities lie in big commercial property (ex. 100units and up).