Like I said, I would stay put with this one - personally I sleep better with less debt.If it burns you so much that stale equity, then I would accelerate to max paying it down and then putting an LOC on top of P1 & P3.

And there are ways to accelerate pay down so you can have them paid off in 10 years and, at that point, never have to worry about working to pay your bills again.1 free-and-clear rental property is good - 10 is incredible for a retirement that most Americans can only dream of.Good luck to you!

As mentioned above accelerated depreciation applies to items with a life of less than 20 years.

When I tried to get the bank to let us pay for and get insurance on the property, they sent me an acceleration letter.

There has to be value drivers to blend the cap rate up at an accelerated pace on then regular yearly increases to justify the starting lower cap rate purchase compared to debt rates.These are family offices who own lot's of multifamily over a billion dollars worth.

If it ain't broke, don't fix it...but plan on fixing it in the next 5-yearsIf your ARV is only $315k, you have little equity unless you are accelerating debt paydown somehow.You will have lender fees.

If the first date [21 days after tenant vacated] always resulted in accelerated "expiration", then the language in the paragraph would not make sense.I acknowledge your answer, but I would appreciate if you could corroborate your interpretation with an example (with or without early termination) where the 60 day rule would come into effect using an alternate definition of "expiration", or with case law.

You may only buy one property a year until you reach enough passive income to accelerate your purchases, but over the course of ten or more years you can build significant net worth and income.

When doing accelerated depreciation using ADS, the 5-year property depreciates over 9 years and 15-year property over 20 years.

If your numbers are correct, the only decision is whether you want to take a W-2 job to accelerate your plan.Personally, I would take the W-2 job to accelerate the plan.