Buy....hold....watch your balance sheet grow.

Our loan balance is aprox 580, and our concern is that we are not sure if it makes sense to keep this negatively cash flowing property, since appreciation is not there (and we were not familiar with BiggerPockets when we bought, so a lot of learning happened since).

Our loan balance is aprox 580, and our concern is that we are not sure if it makes sense to keep this negatively cash flowing property, since appreciation is not there (and we were not familiar with BiggerPockets when we bought, so a lot of learning happened since).

Once you have reached or just before reaching the 10 financed property rule, I would set up a SUB S corp and prepare to transfer some of the properties that you have had the mortgage on the longest, or the ones with the smallest balances to the SUB S.

The market I live in now is pretty expensive the average cost of a half duplex is about 300000$ which makes it difficult to first, come up with the 20% down and second to be cash flow positive.Multifamily units do come on the market at around the 500k-650k range, small 2 apartments I can find for about 150K, both that will produce cash flow.   

Evictions based on non-compliance are difficult (not impossible). 

If you sell it one by one using part (b), most likely, you can sell each of them at top dollars, but very difficult to sell all 6 SFR in 180 days around the same time, then not much time to look for a desire apartment building you want within 180 days.

It's really difficult for you to lose.Let the World be your Mentor!

Depending on what city you are moving to; $500k may still be within FNMA/FHMLC High balance loan limit.

Failed to collect Property Insurance and Property Tax on my promissory Note now buyer refusing to pay $15,000 delinquency on mortgage that is $709 per month @ 4% with $93,000 balance now pending foreclosure.