Keep in mind though that your return on equity on your 400k equity goes from 1.5% right now (assuming 500/mo positive cash flow) to getting a -3% on the remaining 200k in equity, so that is also a factor.

In conclusion, while most of the USA began experiencing an economic and real estate boom from 2009 and onwards, following the 2008 crash...Waco remained an economically depressed city.

Remaining TCPA compliant is such a moving target these days.

My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less

Despite the closures, Phoenix's retail sector remains strong, supported by robust demand and limited new construction.

Transfer of Membership Interest: You can dissolve your membership by selling or transferring your 33.33% stake to the remaining partners or a new member.

If you're comfortable with these factors and the cash flow remains strong, it could still be a great opportunity.

Despite my efforts to educate them on this topic, they remain convinced.

Consider consulting with real estate professionals who can provide valuable insights and guidance.As you move forward, remember to remain flexible and open to opportunities that arise.

I did end up having my dad help out, but I made the original payment and about half the remaining.