If you have a property with under market rents jack them to full market as soon a legally possible.

Do you think he might be contacting you so that he could be your point of contact for legal advice?

Revenue from flips can look like a booming business when the reality is most of that is lost in acquisition... seems like the true “revenue” would be the premium sold over acquisition price.Also holding 600k in debt to have 6k in monthly rev doesn’t look great eitherhow are you all going about valuing your businesses??

I need to sell my home that I've rented out for the last 11 years to reduce my debt. 

Freddie Mac and Fannie Mae have small balance loan programs which is a great way to cash out some money and secure non-recourse debt at low, long term interest rates.

I think the answer to your question depends on your goals, what other debt you have, etc. 

A lot depends on what the contract says.Please bear in mind I am NOT your attorney and you should seek legal advice from your own attorney.

While I think Dave has some great points about the risks of debt, I’m gathering that his math is seriously lacking.

I think every LL needs a legal means to get rid of "undesired" tenants without the effort/bad feelings of terminating a lease or worse an eviction.We use month to month lease and have never terminated a month to month lease for any reason other than missed payment. 

The 50% rule is related to expenses, which does not include debt service, so your down payment won't affect that.If you're not planning to live in the property, you will have to put down at least 20-25%.