In most cases, you will be paying off your debt twice as fast!

Please note I used all the cash from my LA sale (366k after paying off the mortgage) and added my own money to buy the Houston property in cash. 

I am looking for some feedback on paying off a rental property.

I brokered one just off of King st in Downtown charleston.. sold i think for about mid 800s and its a two unit the owner says she makes about 5k a month on it net.

Any kind of paint will start to peel and fall off rather quick.

We are in NY and they have allowed us to be as hands off but still involved as possible.

@Kelvin HeSome things to consider:Transfer Taxes: Some jurisdictions impose transfer taxes when property ownership changes, even if it's to an LLC you own.Due-on-Sale Clause: Check your current mortgage agreement for a due-on-sale clause, which might require you to pay off the mortgage if the property is transferred to an LLC.

@Patrick GoswitzI guess I am mostly confused, I don't know why anyone would put $100K down on a seller finance deal.I obviously don't know anything other than what you posted, but something seems off.

Hi BP, I'm considering selling off my small portfolio of 3 SFH's and moving the money into either a Delaware Statutory Trust via a 1031 or just selling and paying the tax and then reinvesting the money in a syndication. 

As far as your wholesaling journey, I would probably advise you to start off by buying a list of potential motivated sellers, skip tracing them and then cold calling them.