When you are through with your acquisitions, or have more money rolling in than you need for acquisitions, then start the pay down.Each person's situation is unique.

It sounds like you are selling for table funding, money for the transaction, you'd be selling with limited recourse to cover only the origination process accomplished by your RMLO, unless you agree to other aspects like default and a re-purchase. :)

As you can see my parents are leaving a lot of Cash flow opportunities on the table and are even losing money on a property.

I guess I will also have more to bring to the table with my first deal completed.

From the numbers above, the updates that were made, and your unique knowledge of the market, it sounds like a good long-term strategic fit for your portfolio.

I dont go to the main meetings much, but the general format is hanging out for a bit, then some informal stuff, then a break to check out the vendors there that have tables and such, then there's a main speaker that is usually pitching a course, then there's an opportunity after for active investors to pitch property to the room.The speaker usually gives some good info, but then you get the "but wait, there's more" pitch.

If you find another guy who will take it off your hands for more then great if not you should be there at the closing table with your own money.If some of you guys who do not know for sure that they can find an end buyer and do not have their own money to close on the house themselves want to sell real estate so bad why don't you go to school and get licensed as an Agent and be up front with these people?

:) In fairness, the deal was unique enough that I had to spend a few dollars on a dirt lawyer explaining the finer points to the title company, but when the dust settled the realtor got his 3%, the new owner got a rehabbed house, and I walked away with just over $30K which I plowed into my next property...an actual build.4.

The farm sat vacant for 2 years before we were able to fill it ourselves from CraigsList postings in nearby metro areas (DC & Baltimore--about 2 hours away).Interestingly, the tenant we found was from another rural area in WV who had a unique story and has turned out to be great.  

Most importantly though, I've always had a passion for houses and how unique and beautiful each one can be.