.• 3-year business plan goals achieved in under 12 months• Listed for sale at 2026 projected price of $1.875M• Accepted $1.825M cash offer from 1031 exchange buyer• Closed sale in Oct. 2023 to secure long-term capital gains• New Sales Record Set: $228K per unit sale price, the highest ever in Bridgeport CThttps://westfaironline.com/real-estate/bridgeport-mixed-use-property-breaks-record-for-price-per-unit-sale/ Lessons learned?

.: There is nothing wrong with taking a mid term tenant but keep in mind that they will have tenants rights.Have you ever had this happen to you personally or to someone you know? 

The most money I ever made was on houses that cash flowed the least!

Nothing was ever said about it after. 

It has gotten us involved in the city's government and has directly resulted in us quickly growing our network within New Orleans in a relatively short period of time.

Losses of principal capital investment in syndications is something none of my many clients ever faced, except for Oil & Gas and (one time) a fraudulent syndication.

Here's my situation:Debts$127K loan @ 16.99% for an investment property rehab - $1963/months fixed$50K Heloc against primary obtained when rates were low and has since adjusted to market (high) rate $36K (three business credit cards at diff rates, lowest at 22% apr)IncomeMortgage 1 income after expenses (primary carrying the heloc -) - $600/monthMortgage 2 income (also primary) - $ 162/month ( not enough equity in this to sell right away ($70k) but area is growing like crazy)Mortgage 3 income (investment) - $720/monthMortgage 4 income (this is the property the127k loan was taken against) - $856/month - This is the one i am considering selling.

This is a big negative for me from ever wanting to do a MTR.There may be exceptions to this if your property is in a high demand area like a large hospital where there are many traveling nurses.

Did you ever find a good contractor?

Some rough numbers , Price $520K add 15K closing = $535k  New windows and siding $40K = $575k overgrown lot and landscaping $5k =$580K  Kitchen , bathrooms , paint , flooring $60k ( on the low end) New deck it was rotten  $20K They are now in at $660K  This doesnt include holding costs and what ever I missed .