So if all the things you've mentioned are taken care of, where would you spend your money?

Not a ton of profit as a lump sum, but in terms of return as a percent of money in or value of home, it makes the cut.

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16%Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7%b)Child Care: 25.4%c)Living expense: 22.2%d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.

I would manage it as a VRBO property, convert to a traditional mortgage within the next two years and make aggressive payments to cut down on the principal as quickly as possible.

You do have to be careful with how you represent yourself though: You don't want to run afoul of agency laws. 

Talk to your tax planner.The money spend on education has to be carefully evaluated.

My favorite thing about condos is that someone else usually takes care of the yard, parking, exterior, etc... so I have less to take care of. 

The strange thing is that 21st rolled the sales tax into my loan and cut me a check to pay the sales tax to SC. 

Be careful out there!

Thank you and take care.