It will be triggered upon sale OR refinance, so if you think you might want to refinance in the next couple of years (or at least have the option), you may want to consider a shorter penalty length. 

@Kory SantaellaIf these have mortgages you don't need them in an LLC.A LLC can also give you a false sense of security.You may be subject to due on sale clause on your low interest rate loans.

Sale price was $30K.

As a real estate agent in an ever-evolving market, staying ahead of the curve and keeping sales momentum up are crucial for success.

Purchase price: $67,500 Cash invested: $17,500 Sale price: $147,000 Home in Dayton, OH.

TIA I look at these things the most when looking for BRRRR cities - Rent-to-Price Ratio: Look for cities where the average rent is high compared to the average mortgage cost- Population and Job Growth: Focus on cities experiencing steady population and job growth, higher than national average- Availability of Distressed Properties: Look for cities with a supply of pre-foreclosures, short sales, and abandoned propertiesNormally bigger cities in those states should do well, houses are still somewhat affordable (comparatively) and if you do a big rehab it'll pay off

@Mike BayerFor sale or lease? 

I made the call and got a lot of high pressure sales tactics.

For an uneducated consumer or depending how strong their sales team is this is a very raw deal.

I own a 4 plex, 1 single home, 3 x Duplexes , the good properties in good shape typically fly off when they go for sale literally in one day, usually ones you see on market are ones need quite bit work to get them to rent.