Unfortunately this market doesn’t appreciate that quickly, but I possibly may do that in 2-3 years depending on the market, debt pay down and the interest rates at that time. 

You could also use a listing-only service from a brokerage where you'd pay them $200-$300 to list it on the MLS, and you/your team would take all incoming calls from interested buyers, but it's a bit slimy since the seller may see it listed on the market when you appeared to be buying it.That would be the maximum value-capture of your off-market lead machine.

So even if you do only avoid paying federal taxes on say the last $100K of your income, that's a really good deal.P.S.

For example, if you manage the rental yourself then you won't pay a property management fee.

Also, when I switched to new management, Northpoint suddenly issued new "fees" (some back-dated for 2 years ago) and wouldn't pay out the money that they owed me.

Now I spend 5 years hoping they make their payments and somehow refinance to pay off the balloon. 

It appraised for $201,000 the other month and I put $103,000 in my pocket after closing costs and paying off the old note.I wish I had about 20 more of those...

The public has no way of knowing this is occurring until later notices document and prove it.b) Once thats up  the borrower sends a Notice of Default and Intent to Accelerate giving 20 days for the borrower to pay the entire amount owed (cure the default).

---The way my mind is thinking, this should be eliminated by paying off the mortgage with the WLI cash value policy loan.

The unit is part of a condo association for which we pay fees.