It has always been known that an agent can look at their potential commission and decide if it is worth showing the property.

You can decide what that option is worth. 

I wont disagree but you may find that PMI is worth it to get into a specific deal potentially. 

Remember.

It's probably a good idea for you to also look into the valuation yourself and figure out what you think it's worth.

And at no fault of their own – cashflow is what they were SOLD on.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your propertyLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.

@Deep RonOne thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

You literally CAN'T sell for at least 3-5 years because you wouldn't have enough to pay the fees associated with selling a conventional way, nor would it have been worth it for you to do so. 

In total they are worth around 1.2M and I have debt on them around 260K.

If it went any higher the argument for renting would become even stronger.The opportunity cost of tying up all that cash, time & energy is almost never worth it.One of the only times it makes since to finance your primary residence is when you know you are buying a property substantially under market, and reselling it.