It is not uncommon - main reason we see right now is over inflated original ARVs and now borrowers cannot sell and pay off the lender. 

so just because you would not want to live in a specific town for various reasons does not mean they aren't attractive to others and good investment opportunities. 

Pros - attractive to some renters.

While I don't want to focus on doing this as my main source of income (I still mainly want to do fix & flips and contract assignments), I wouldn't mind trying it, just to see if it's something that could work for me.  

The main reason I ask is because that is significantly below primary residence mortgage rates let alone any investment loans, if you can get rates like that I might need to make some changes on my end hahahTo answer your original question, assuming all else is equal long-term fixed rate debt is valuable. 

I think my main pain point is underwriting the property as it is and then seeing what it could be and then making decisions on if it's worth and how those decisions are made.  

A skilled property manager understands tenant segments and their behaviors, which helps attract reliable renters.

To you there was little change, you just keep paying your note but now own 123 Main St instead of 345 Side Way, and you have your equity as cash in your pocket from sale 1. 

Also, I am mainly just going to finish paying it off and then kind of just leave it since I don't really believe Pace knows what he is doing.

We’ve used Left Main (Salesforce) since 2021 with SmrtPhone which has a power dialer.