It seems a shame to toss that locked in 3.25% interest rate away, I would explore a second mortgage, or line of credit, and leave the primary alone.

My goal is to build enough passive income that I can leave land behind and sail around the world and never return to land.A little about myself: I'm 19, living with friends and paying rent, working a minimum wage job and not really having a lot of financial freedom to save or invest.

@Bryan PhamCongrats on leaving the W2 environment. 

I guess a few questions that come to mind...1) What percent of the time that the house is occupied do they leave without doing intentional damage?

Renting out a $1M property once you leave it is not going to generate any cash flow for you.Take your $300k and invest it in rental properties out of state and use that cash flow to pay for your rent or to quit working your day job and move someone cheap!

You can leave it in the purchase if you're buying more than what you sold.2.

I can make fully rehabbed properties in decent areas after rehabbing and after my fees, and leave 10-20k real equity in the property and 8-11% cap rates.

If you do not get the drug dealing tenant out ASAP, then the other tenants will end up leaving and you will have a hard time keeping tenants in the other units.

As long as the borrower is a majority member/owner of the LLC, and the payments are being made, the lender isn't usually concerned...they want their money.Where you could run into a problem is if the borrower leaves the LLC. 

They leave them under my mat and text me when they do.