I rarely read an RE book twice, and in addition to @Caitlin Damani 's book reference of Gary Kelly's book, Shemin's book is really standing out!

This has caused our financial cushion to dwindle and want to be proactive before it is completely gone!  

Every 6 months we have to print out a "short form standing" letter from the state and send it to our hard money lender to let them know the LLC is still an active business.

Discovering BiggerPockets and what is possible outside of a "traditional" career was truly eye-opening.I thought of myself as having a fair degree of financial literacy, but through coming here and then nonstop reading I realized just how much better I could be doing.

But, I could use some experience, strength and hope for getting through this rehab financially, and some airtight Lease & Rent-to-Own forms for the next tenants or buyers. 

@Will Kaufmann i was just about to say this would be a better question for an attorney but you are the attorney :)I'm an investor and Realtor for the reference..Not giving any legal advice, but from a stand point of a relator, it would be unethical to go behind your back and pitch the property to other buyer if they are your agent and you are interested in the property. 

Account Closed this goes back to your long term financial goals.

It depends on your appetite and financially where you are in your RE career. 

It's slower but if you could get 7%ish on your passive vehicle without a capital gain tax bill then that would be more than $2600/mo to dump on debt.Another stodgy but sure way to get where you're trying to go would be to take a page from Dave Ramsey and other financial planners and consolidate and eliminate debt one of two ways.1.

With rates going up and the way the economy stands, do you all think it would be best for me to pull out a loan and purchase another home while renting this primary one out.