While people will always need homes people can consolidate, move and unfortunately become homeless.There are risks in all business. 

I want to turn this into a business and eventually hire people to work for me.

Yet you still haven't answered my original question.The first reply had all the information you need to consider and then use to make a decision that fits your business. 

Along with total amount borrowed, cash flow, length of time in business, business practices, Interpersonal skills and what makes up your assets, Etc...Good Luck!

Maybe in short-term rentals, under the right business model. 

Hi Everyone, my name is Nick Nesheiwat and I am the new Business Development Manager at Cavalier Estastes LLC.

A business does not base their business plan on possible RE appreciation and sale of that building.

Population growth, strong job growth, multisector industry/economy (Never invest in an area propped up by a single industry, or worse, a single company), landlord and business friendly, strong development, strong sports teams (even minor and farm teams), lower crime rates than national average, and good schools/colleges nearby.

Here's my situation:Debts$127K loan @ 16.99% for an investment property rehab - $1963/months fixed$50K Heloc against primary obtained when rates were low and has since adjusted to market (high) rate $36K (three business credit cards at diff rates, lowest at 22% apr)IncomeMortgage 1 income after expenses (primary carrying the heloc -) - $600/monthMortgage 2 income (also primary) - $ 162/month ( not enough equity in this to sell right away ($70k) but area is growing like crazy)Mortgage 3 income (investment) - $720/monthMortgage 4 income (this is the property the127k loan was taken against) - $856/month - This is the one i am considering selling.

If you pre-plan it right and make 50% of it business related, you can write the trip off as a business trip.