Kayla - you can do what you want with any of the online calculators:- Open two windows and bring up the calculator in both- In the first, put in the initial amount, interest, term and the amount you will be paying initially- In the second window, put in the remaining owed after 12 months (see window #1) and your new payment.

The initial bid is on the courthouse steps and outbids are placed with the county clerk.  

If you do so the income from that asset now becomes taxable income, whereas any income generated by the asset inside of Roth 401k can be pulled out as distribution tax-free. 

SUBJECT TO existing mortgage of $125,000CASH TO SELLER $10,000WILL REFI BEFORE TWO YEARS ONCE PROPERTY IS STABILIZED (I deal with local community banks and will do a commercial in my LLC to cash out at 70% LTV to recoup back some of my initial investment?)

Do you try to pay based on what you think the value the property is generating, prior to potentially gaining the upside?

So many of the variables in your analysis would be people and their opinions on value and where the market is going.As you mention, after tax cost is a concern as your rentals may be generating taxable income however your rent is not tax deductible. 

I certainly understand your mindset, however I would go with the 2nd rental property rather than paying off the mortgage right away.You might initially have less cash flow, but rental income should increase while your mortgage payment should only be decreasing (assuming you don't have an adjustable rate mortgage).I also like the idea of having more than 1 rental property because, if each property is cash flowing like they should be, you have more of a financial cushion during periods in which one property is vacant.

I'm here to learn how to leverage that to generate more wealth and income for our family.

The sale generated the recognition of gain. 

We have a property in Memphis that is generating $7,000 dollars a year in net cash-flow (property is 100k).We want to buy another 3 properties free and clear BEFORE we refinance them, to group them together and LLC them.However, we want to know IF we can get a HELOC loan first from this property (or others in the future) BEFORE asking to refinance them?