That sounds like a great system to stay organized.

Organize your debt and attack either highest interest rate first (mathematical approach) or lowest balance first (Dave Ramsey approach.).

@David Dachtera, my borrower was a business and was organized as an LLC.

That would then give me enough real estate for someone to tuck a dresser in the alcove created and leave the remaining floor space for a bed and foot traffic.

@Noah HoffmanI'm seeing rents around $200 more for this type of property in Fairfield, which is about an hour away from both San Francisco and Sacramento (in good traffic).

There are also very large transaction costs on both sides of the purchase (explicitly or implicitly) and large organizations with political ties to maintain the cartel for real estate commissions.  

That income will not be daily or divided by 365 or 360, it is usually very seasonal, sparatice cash flow.It is seasonal,I'd think in FL whn the snow birds leave and the sun is blazing traffic would slow down.

Peabody is about 20 minutes north of downtown (when there's no traffic!)

Also, if you can hear highway traffic with the windows of the house open that would be a huge drawback.

As a matter of fact I was going to your meeting today but I had ran into some errands that took me an hour from the location, and Atlanta traffic is not very kind.