Feel free to connect w/ me if your interested.

Formation of a CA LLC and ongoing maintenance is generally fairly inexpensive.If you need referrals for attorneys in San Diego, feel free to reach out.

Unrealized equity is nice, but doesn't really do much for you except make you feel good when you tell someone how much equity you have.

If your interest payment is $8,125Your stocks have to make a dividiend of about $11,000 of which you would prolly pay 15% to 25% in federal / state taxes / NIIT.Assuming you will make a 10%-11% return is not guaranteed.You will also feel good about having a paid off property(relief).Furthermore, your credit score may go up with a paid off property.Best of luck!

We are now feeling stuck, already pretty far in motion with an expensive build out and also considering how pushing it will effect the relationship with the landlord.  

Detroit offers solid cash flow potential, a relatively low barrier to entry, and the market fundamentals are improving with a growing population and significant investments in the city.Since you’re based in upstate NY, Detroit is also a quick and easy flight, making it easier to visit and get a feel for the market if you’re considering out-of-state investing.

Please feel free to message me and I can give you rate quotes. 

Have the tenants take and send pictures of any maintenance items and video chat with the repair person as needed.If you ever get in a situation where you just feel like you can't do it or don't want to do it, you can always put a PM in place at any time. 

Feel free to shoot me a DM if you want to talk about the market in more detail. 

If you’re doing all the heavy lifting, a standard agent might not feel worth it.