I tried the Reia and it's basically a giant sales pitchThere are two long Island groups one is much better than the other. 

@Tobi Isaacs this would be better answered by other investors in your market. 

I do not flip so I understand your reluctance to want to flip (it’s a job, taxes, selling costs, etc), but it seems like a much better flip than brrrr.  

You're better off opting for an interest-only mortgage, saving on payments, and then refinancing it into something more conventional when interest rates drop—or, if possible, making a plan to pay down the principal.Interest-only loans, which typically last for the first 5 to 10 years of the loan term, offer two key benefits.

Just a thought or buy a bizzness that will do far better than rentals. 

The last year I renovated a single family home to rent, pulled out some equity, couldn’t have gone better.

You can make more through co-living in most markets, but still likely to be better off house hacking 1 / year and then buy out of state with your extra cash.If you want to chat strategy with someone - feel free to PM me or reach out to contact info in my bio!

This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr. 

I’m gonna have to stretch if I want to buy in Los Angeles again, but I still think it’s a better idea than not.

@Jon D. some questions, the answers may help you better focus.1) Why did you pay your primary mortgage off in the first place?