NoBut the good really overwhelmingly outweighed the bad.I miss mother Poe tooShe certainly kept me on my toes.Again glad to hear from you friend

My properties are in North Carolina and the income that I receive from them significantly outweigh the debt service. 

Sounds like a terrible plan to me, unless you think you're going to spend significantly more time there than your post indicates or the expenses of alternative local living arrangements outweighs this cost of owning this unit.The way I see it, your plan hinges on market appreciation, which may or may not come.

The risk far outweighs any reward. $600 is extremely reasonable and saves you from headaches down the line. 

Take action bruh, the pros outweigh the cons.Again, big thanks to all you folks on this forum helping me learn my ROI from NOI, Cap Rate from Vacany Rate.

I've been around lot of these type rentals and the tenant hassle factor far outweighs the potential for cash flow.

And I thought that the demand was outweighing the inventory and driving the prices up.

My buddy J is the other one.Anyway, your point about brain damage is a valid one, but I feel it is significantly outweighed by the length of the loan.  

The pros of a term lease outweigh those of a MTM lease.For example: in Michigan a lease of at least 12 months in length:1) Allows owner to transfer water liability to tenant2) Allows owner to transfer repairs to tenant

Starting out you typically want to generate as much cash flow as you can in order to roll into the next deal and start to scale, so the 30 amortization you'll be able to acquire with a conventional loan will probably outweigh the initial benefits of purchasing it in an LLC.