My name is Jacob and i hail from the northwest arkansas area.

Sell and reinvest at 20% DP and the new PV is $2M.Option 1:  Sit and wait, and let it build on its ownTime period = 30 yearsPV = $500kEquity = $500kOption 2: Let it ride and let it build as it movesTime period = 10 yearsPV = $2.1MEquity = $500kThe value of "moving" equity is greater than the same face value of "lazy" equity over 1/3 the time period. 

Holding that property for a long time will be a wild ride for sure I wish you luck. 

In this case, you are taking an expense this year that you will likely have to pay back when you sell down the road, so it's not a free ride as it is often portrayed.   

Why not just ride this lease out and then change the renewal to the LLC?  

@Tim Herman we plan to set up a walk through to check house for damages.Geri, this woman is taking you for a ride!

During the foreclosure crisis the rate adjusted down to 2.85% so we let it ride until rates climbed above 3.5% How did you add value to the deal?

That requires buying a number of properties and then riding the appreciation and principal paydown.

Offered Hail Mary addendum of $242,000 off the purchase price.

It’s just that, with “turnkey “ you still might get a bad roof EVENTUALLY if there’s a hail storm, major winds, etc.