You could buy it out or increase the rate to reduce the years, but it will result in a much more costlier loan. 

List price, what you have into it, appraised value, potential rent?

I recommend that you focus on identifying areas with strong job growth, increasing population and a solid rental market.

Whether it will increase interest rate, make it more difficult to find a lender, etc.

Right now, we’ve been able to keep rooms rented as we turnover the empty ones, but I am having trouble figuring out if this is the best strategy. 

They wonder why the property doesn’t rent quickly and can’t command top market rent when the kitchen and baths are dated, and the property overall vibe/aesthetic is lacking luster. 

At the end of the conversation, I'd ask with a chuckle, "Would you rent to them?"

Hi, I am brand new to real estate investing and need some assistance understanding price to rent ratios.  

Multifamily properties, like duplexes, can be particularly appealing because they allow you to live in one unit and rent out the other, which helps with covering the mortgage while also generating income.Another option is to invest out-of-state in markets where property prices are more reasonable but still offer great cash flow.

I'm hoping for some guidance and any suggestions/ help is greatly appreciated.The specifics of the property are as follows:Land: 1 acre Income Generating Units: (built around 1995 all in good shape)Ranch House: Rental income of $1,200/monthMobile Home 1: Maintenance personnel reside here rent-free (not generating rental income)Mobile Home 2: Rental income of $980/monthMobile Home 3: Rental income of $1,000/monthMobile Home 4: Rental income of $1,200/monthMobile Home 5: Rental income of $1,200/monthFinancial Information:Estimated Annual Taxes: Approximately $2,500