We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?

I have rented 2 of my properties for filming, including my own personal home (backyard) just last Sunday. 

I am into it 55k total and collect $1500 a month (each side is $750 including water), but there are a lot of problems.

Ideally, it would be something that not only allows to register all the different expenses related to the property and mortgage, but would include the amortization of the mortgage so you can see on the same spreadsheet how much your equity is growing.Thanks

This year we created an entire support rolodex for on the ground support for buyers post closing that includes; handymen, cleaners, contractors, licensing & permit consultants, interior designers, landscapers and hot tub cleaners.

Make sure you include that in your calculations.

Change to another property that would change the neighborhood, for example going from residential to commercial.10 Selling for a higher and better use, including tear down.

So does everyone else, including motivated sellers.Have I given you my "opinion" thus far?

. ($5,657 on a 120,000 property) It included 2.25 upfront loan points.

Include a copy of the property management agreement, any photos, estimates and most importantly the findings/rejection from your homeowners insurance.