Certainly not the return we hoped for or planned for, but also certainly not a loss.The student housing industry, which you invested in, was decimated by COVID.

This is the heart of the reason housing isn't mroe affordable, that landlords bear these types of costs every day.You could probably find cheaper labor, especially to haul away the junk, but not easily as an out of state investor. 

If you can care a hell of a lot more about your investors returns than the competition you will be fine.  

so you can easily do some background on the principals..

Between appreciation, loan amortization, and rental income, this property has easily created $400K in wealth. 

This maximizes my return over a Niche property.

Have a proforma for calculating your returns I can share as well.

If you have no desire to actively pursue other investments where you make more than a 2.8% return, then by all means pay it off faster.TYFYS and best of luck!

Joe its all about NPV  and rate of return for investors.. either way your going to take a pretty big hair cut out of your equity to do what your wondering about. 

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.