With any extra cash decide what you want to do-more rentals or other investments and then look at the rate of return vs what you'd save based on the interest rate for your mortgage.

A lot is discussed about leverage, but we need to pay extra attention to the higher risk loans that are adjustable, callable, expire or have other exceptions. 

If you have the $, features like extra wide doors to get a wheelchair thru, roll in shower, tall toilets, things like that can make it safer for everyone at some point. 

Lean and quick, no extra mouths that have to be fed.While you save and learn, drive for dollars (tired plexes are my favorite) and talk to garage sale holders and ask if they're planning to move.  40% or so are future sellers or tenants leaving.   

Now that it’s paid off the income and cash flow skyrocketed to $30k and I get to use up some of that extra depreciation I wasn’t using before. 

You shouldnt offer more than 70% then what you can get the property to apraise for - extra expenses. so for that 725 property that is starting at 315, and the highest apraisal value for this neighborhood with similiar building types are going for 400k.

The history here is that when I bought the 3-family property 2 years ago in Chelsea, MA, the condo association for the property next door forced the previous owner of my property to move her fence about a foot so that they could park an extra car on their end. 

So in a catastrophic loss they are covered for what they put in plus some to help clean up the mess and pay for costs while selling plus a little extra. 

Many of them were still working full time, getting stimulus checks, or making a killing on extra unemployment.Now that the moratorium is over, they've dug themselves in a hole and reach out to government to fix the problem that government created.

It had strong rent income and some extra land.