Repeat this process a few more times, and in 10 years time you can have 4-5 properties in a high-growth area.  

Rental rates are holding strong, which is promising for investors.

I only plan to hold it for another 5-7 years then I’ll 1031 Exchange it for another property.

Is your goal to flip homes and/or do "buy and hold" real estate investing?

I think it's a bad time to sell anything you are holding at 2.875% to buy something else at 7-8% unless it's a property you really don't need or want anymore.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Hey @Wei Jie Yang - you should start by reaching out to the lender that currently holds your mortgage and work your way from there. 

Heeeey BiggerPockets FamilyI am a verrrrrry new multi unit investor (experience in single family home investing and renting out to the Section 8 population) with the goal to buy/hold properties for cashflow.

While it could be argued both ways, I have my doubts if you can hold any money due to termite. 

First time rentals are about 33% of my total rentals.  66% of my total rentals are repeat rentals.