I don’t want to have to wait a long time to save more money to buy my second one.

On the other hand if you feel the stock market is going to under perform the 6.8% (knowing that the average long term gain on the stock market is 7%) then you might consider paying off the notes more. 

Am thinking of converting a long term rental to a medium rental. 

Real estate is a long-term wealth vehicle, and overall, I would be cautious about how you define overpriced.

Long term friendships with local realtors How did you finance this deal?

My first place to go would be check how long units similar to the one you're looking for are listed for lease.

We are closing on the sale of a condo we own at the end of the month. 

Basically they are a type of insurance and insurance companies make HUGE profits because they pay out MUCH LESS than they take in meaning that over the long term you will lose money with them.

On Monday we have a conference that is a few hours long so we go to that and expenses we have for us on that day are deductible but not the ones for our kids.  

We actually rented the unit back to the existing tenants for as long as they wanted to stay because we didn’t have to do anything to the unit to start generating income.