Oh no doubt, you save on the interest part so you actually pay less for the house....or more correctly, the tenants pay for the house......BUT it really depends on what you are doing with that "extra" $$..... you can take that 50k and pay off your loan at 4.5% and your monthly check from the tenant is technically a higher cash flow now than when you had a mortgage...... but you now have 50k less in your pocket RIGHT NOW..... that higher cash flow will replenish that bank account, but it will take a LONG LONG time to recoup that 50k....... vs taking that 50k and using it for other investmentsThe single benefit to having a paid off property is RISK....... your only required cost is now taxes....... still need to pay for maintenance and insurance etc, but technically they aren't required........ so if something bad happens..... huge vacancy, you get sick, lose your job....... the bank isn't going to come take your house away....unless you don't pay the tax.

I doubt you will have to provide a reason given he is on a month to month tenancy but you should get it cleared with an Ohio attorney so as to not have the judge kick your unlawful detainer for improper notice.

@Julie KernI’m definitely looking forward to any posted progress you want to share.You are further cementing the idea to focus on one niche before moving to the next when it comes to RE education.I need to get that drive you have for locating Mobile home parks.  

Even if it isn’t, doubtful the police do anything.

No doubt...it can. 

Doubt only 10k is going to get the arv that high .

Lol, i doubt that is even legal but they might shut up after that.

You have such a good savings and all that building, you don't want to mess it up.Househacking is doubtfully going to be profitable.

But I doubt that, and is more likely that your niece, and your sister as a co-signer, didn't pay attention and read carefully the documents they agreed to and signed.I would say it's a bad way to start her rental history and risk a credit report stain because of cats, not to mention the trouble it will cause to the cosigner, if she chooses to just walk away.So, it looks these are the options:1.

I have worked with many B/A through the years and there have been some rock stars, no doubt about it, but they have all shared one common interest, they transitioned too investing.