Finally, speed is important—moving quickly on the rehab and resale can help minimize holding costs and increase your profit margins.

Quote from @Billy Smith: Having all or most of your rentals paid off is a great feeling with the cash flow rolling in .You know have a bigger shovel to buy more properties , folks get the fever want more more dam the debt full speed ahead .I read a lot saying what  is the rate of the  note ,you could deploy the money in  ,gold ,stocks etc....With just a couple rentals paid off in A -B area I put my kids though Division 1 state college.  

But this is the property that needs the most attention as far as making little price adjustments, top notch guest communications, great team on the ground, etc.Adding a theme to one or more rooms is a must.

If I am constantly waiting to hear back from a tenant, I just assume worst case scenario and speed up the process.

If your modified adjusted gross income (MAGI) is over $150,000, you typically can’t use rental losses to offset W2 income.But you can still use depreciation to offset the rental income itself.

Since the adjustment, we have not been paid in full on the first of the month.In my experience, it is generally preferable to rent to lower income folks with no credit that are typically found in the same neighborhoods, such as recent immigrants.

Correcting this should adjust the profit at sale.Additionally, your property taxes seem quite low.

Appreciate your insight on this matter as I’m trying to get up to speed on all the functionality of Buildium.  

If I were in their shoes, I would have my attorney on speed dial to get the first in line before Norada gets wiped out and bankruptcy is filed.

A living in trust could speed the transfer process up possibly.Good Luck!