Most would advise you buy more properties but presently most markets are over priced and in your case investing long distance is probably a bad idea if you are occupied building another business.

Which means you can assume that in the event of another downturn (not to sound negative, it probably wouldn't be as bad as the last).

Too bad, but I understand. 

As long as you don't spread yourself too thin and don't need to sell during the bad times, you should do okay.As a side note, I wouldn't trust anyone who tells you its a good time to do anything if they make money when you do it.

This is a bad deal...you should try to get out of it asap.

It’s not high earning, and maybe not the greatest fit from a passion or personality perspective, but it’s not bad either.

I think that’s a good choice.

What if you had a bad vacant streak for 3 months and needed to lower the rent to get it filled.

@Garrett Haefele I've heard the same bad things about NY and NJ from other investors so we avoid those states as well.We're doing good in Cook county on a few notes we have but we're probably just lucky since the borrowers haven't contested FC.

Not a bad idea for the next tenant tho!