My lender is offering 7.85% for investment property.SEEKING ADVICE; what would BP members advise if they owned such an asset?  

He's the brains, lead generator, agent, and property manager of the operation (I trust him completely, he's a rock star), I'm basically providing the money. 

Every financial planner....and I mean every single one....will advise that you absolutely need to have 3-6 months saved for an emergency fund. 

You may be able to evict the non-paying tenant, again upon advise of your attorney. 

Received healthy opposing comments; some with excellent advice, but I went with those who advised me to hang on to it and not sell - based on my buy and hold strategy.  

(which just happened on our last deal)....please advise what would you do?

Do I need to or put in another way,  is it advisable open an LLC to put an offer and go through the property buying process?

The houses are cash flow generative so I would be able to pay down a higher than normal principal % every year. 

The building for sale is exactly like mine so I’m familiar with many of the standard cost (insurance, taxes, hoa, general repair cost).The seller list in his remarks that it has a 9.2% cap a couple different times.First off, the auto generated cap rate from the MLS doesn’t even list that, it lists 7.64 based off the numbers entered into the listing.As far as the numbers entered:The income ($33,060) minus expenses ($8,965) does not even equal the posted $21,000 NOI.

Multi units are by far the best investment to grow quickly and generate the maximum cash flow.