The attorney said that if I were to move his belongings out of the property or change the locks without going through all of the legal steps it would be an unlawful eviction - even though he had never submitted an application and wasn't on a lease.Obviously this was an extreme and unusual situation. 

So there is something to be said for Paying off a mortgage, Oh sure I could parlay these properties into another 6-8 more rentals and have more income perhaps but then I would have 15 mortgages, would have to hire a property manager, most likely evict hardworking people in these uncertain times and have a lot of sleepless nights.

I think this ties back to the strength of this community and all the resources that help aid investors during uncertain times.

The inventory for 2-4 unit properties is unusually low today, but there are certainly opportunities out there.One thing that you may not have factored in is your change in personal income.

I'm able to pay lower property taxes on one side this way as I can count one of the "condos" as a primary residency.I've never seen or heard of this before, this seems unusual to both the lender and agents especially in this area.

Steve Babiak, I am uncertain if I will follow through....with auctions,and that is why I stated that last line impulsively.

It should be in your property management agreement - all the fees your PM charging.They all go in your tax return as expenses and decrease your profit.When you signed the PM agreement, you should have to negotiate everything which looks unusual for you.If you pay money for placing Tenant, showings are included in that.Software is a Programm for PM?

It may have changed in the last year or so but basically the fed is (or was) buying a higher percentage of the issued treasury bonds now than they did during QE just in the normal practice of rolling their maturing debt.Bottom line is we are in unusual times where interest rates are being manipulated by the fed and other central banks. 

I liked the architecture because it was unusual/different and I get tired of the cookier cutter boxes sometimes.

I got a "little" angry & let the person know in no uncertain terms I wasn't ok with racism.