This way, you can easily allocate expenses to the appropriate property when making purchases with your Lowes account or other accounts.You can also create separate folders or digital files for each property/entity to keep track of receipts and invoices.

Wanting to weigh up my options on either keeping the tenant until their leases up in April or considering a tenant buyout.

Everyone knows the 3% or 4% balance transfer fee, but compare the fee to the interest you will pay over the same period with a traditional loan.If you have $10k in debt at an 8% interest rate with a traditional loan versus $10k of credit card debt with a 4% fee and keep both for a year (making minimal payments), you will pay less interest with the credit card.

Sometimes you may not want to be recognized as the buyer, or you may not want to reveal that you plan to move in; especially if it means you have to non-renew a tenant. 

Interest rates might stay stable but keep an eye on them.

This will be a long term rental that we plan to keep for many years. 

I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

Doesn't mean that new tenant won't sue you and possibly win. 

Would you keep for the long term or sell this property?

yes 700k loan 20% down = 140k to do the deal with those guys.. dont send them 50k deposit though for gosh sakes.. only money they should charge up front will be apprasial and maybe a few hundred for an app fee if that,  Keep mind as well with hml or pml or ANY loan you dont have 100k equity the majority of that will be eaten up in points  Junk fees and interest depending on how long you hold it..