On the other hand you might used this as a reason to obtain a better purchase price.

This savings could translate into a higher return on your time since if you paid back your 49,200 and only have 20k left @12% interest lets say your month cost to hold the property is not substantially less in the absence of obscene closing costs or points.Option B:This may be an investors dream cash back 45k in your hands and a property with no skin in the game "infinite return," assuming you still cash flow with 120k of leverage on the property.A tenant would be paying your mortgage, taxes, insurance, and etc while you've retained the property, received 45k non taxable proceeds from the refinance since the asset has not been sold, and potentially making some income each month if the numbers work.120k @30 year fixed 5.625% is only about 690.79 per month and taxes and insurance I'd wager (depending on state) is probably 130 more.

Should be a lot of members who you can bounce ideas off of while having a nice beverage in your hand.

On the other hand, they will often have less experience, connections, and market knowledge..Good luck!

Do not hand over the keys until you get this nailed down.

On the other hand, some say that since the wife usually makes the final purchase decision, she is only going to be emotionally engaged if it is staged well, or at least, is COMPLETE.

You can click "send PM" on the left hand side of their post, underneath their picture.

@Ned Carey : "Trust me there are plenty of duplexes and triplexes in Baltimore"The only places I have seen first hand have been the houses in Charles Village and those are pretty far out of my price range.

What you put at risk, 3+ years of work and equity gained would be for the hope of further appreciation and that being after wear and tear of a rental, not worth going there in my off hand opinion and after considering the opportunities with your cash proceeds from the sale, that puts renting further behind as a good choice.

The deal structure is just as important as the price because you get more into the income approach versus the sales comparison approach with SFR.How hands on you want to be, what returns you can find locally in your market, and you long term goals are key.I have some clients that want more yield and are willing to deal with headaches to get it.