The tax on Unrelated Debt-Financed Income is not significant, because the IRA will take advantage of deductions such as depreciation and interest on the note to reduce the amount of net taxable income.If you are not familiar with these concepts, get with your plan provider and/or CPA to gain a better understanding.With all that aside, the question of whether to pay off mortgages or not is a basic investing question that ultimately centers around the opportunity cost of the money. 

Instead of renting high price here in the center. 

(Airbnb, event venue, retreat center, etc).

The plan with this property was to make significant common area improvements, (common areas, landscaping, pool, area, business center) and renovate approx. half of the units (kitchens and baths) and sell the property.

Originally It was supported by tree trucks with out footers for the center beam support!

But it does have two vacant acres we plan to develop and build a 36 unit assisted living center by Year 5.Original exit plan was cash out refi at Year 5, return 75% equity to investors, then sell in Year 10. 

That leaves four beds, an entire living room of furniture, dining room, kitchen jam packed with food and appliances, dressers, clothing, car seats, medical equipment, and much more.We will have to do an estate sale and then haul the rest off to the dump or donation centers.

Susan Horton, 2021 ABoR President, summarized the challenges of this local housing market well: “Our housing market is undergoing growing pains and creating a paradox—affordable from the outside looking in, but increasingly unaffordable for those who already call Austin home.”This sentiment was echoed from economist at the the Real Estate Research Center at Texas A&M University, Dr.

The plan with this property was to make some significant common area improvements (roofs, exterior paint, resurface the pool, add an outdoor kitchen, outdoor TV, redecorate the clubhouse, completely renovate the fitness center, and upgrade the landscaping.

I have a potential deal on a condo in a great neighborhood near the medical center, but have no experience with condos at all.