Lending is a for-profit enterprise.

Do I do the refi because I should be cash flowing each month but add 10yrs back to my term and all the subsequent interest as well or do I stay the course and try to pay it off quicker?

My goal is to invest and flip my first property and use the proceeds as a leverage for subsequent properties.

@Stephen Doyon:Hi Steven, I would agree with your perspective regarding the population, units available and subsequent deal availability.The original discussion was more about the number of BP members from this area vs other areas.

Here is a copy of part of the definition:"A liability is a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits."

exactly....you would NOT believe what we have seen pulled out of the blower motor because they removed the filter (but forgot to replace it).We even had one filter so clogged it got sucked into the blower motor fins & was subsequently shredded.I can remember the days when you had to go in once a month & oil the blower motor bearings by hand but those suckers ran forever.

The pricing was done by the agent and she suggested subsequently to drop the price, three times in a row.

However, if you know you are going to be a real estate investor and be self employed then going to law school is not necessary and will not help increase your income.If you had a law degree with a focus in real estate I would think you would save quite a bit of money by not having to pay a lawyer... and subsequently increase your income.However with that said...

The subsequent owner dropped the section 8 contract, repositioned the building, and rented to many of the former section 8 tenants who were able to improve their circumstances.

Also, the fact that your initial hour is quoted at more than double the subsequent cost is a flag that many clients are not renewing your services due to lack of perceived value.