I have a 5yr draw period at a 10.95 rate. 

I was driven through 38111 zip code by a local, @Alex Craig and he explained street by street how different the houses, tenant base and rents were.

For these investments, if they are both properties you are able and willing to buy, I would make a decision based on revenue/expense assumptions.

Second, definitely get YOUR lawyer to draw up the note/mortgage and any other needed docs, so that you are able to foreclose on the property if there's nonpayment.   

When you are forming all sorts of small partnerships with no real "corporate" backing and pooled asset base to provide security for the counterparty, typically you can't get a swap.At the end of the day, I was just talking to an LP in some deals that are going south.  

I am based in Pensacola, FL and looking to purchase a duplex for the purpose of house hacking to get my feet wet in the REI game.

We felt we had established trust with Engelo and his team based on verifiable facts.

A financial planner, CPA, and others may be better resources for you in deciding which is the best play here based on the immediate health needs and life expectancy.Hope this helps. 

Take a look at the list and keep in mind that increases are based on what they used to be priced at (growth) not at relative cost to each other.

I’m thinking I just draw up a new lease starting sept1 and change rent amount to higher rent.