The cons as i see it include loosing the 2 of 5 year cap gain exception, typically not an ideal rental because the emphasis at purchase was buying a good home for your family and not a rental with optimal return (my ex-home consistently has the lowest cash flow for equity in my RE portfolio), not disconnected enough from the property causes addition angst on damage and may result in over improvement.  

There are so many great people and resources throughout BP that will be great to build a foundation and continue you learning.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

New to the app & doing some research, I found this app might be a good resource.  

Before committing to paying off the property, analyze whether there are ways to optimize revenue, such as better marketing, adjusting pricing, or upgrading the property to attract higher-end guests.Return on Capital: If you pay off the mortgage, the “return” is essentially the 7% interest you’re saving.

I think BP is a great resource.

The @Dave Meyer book Start with Strategy will also be a good resource.