If you want to pay off debt faster and increase cash flow, consistent monthly payments might be best.

If they are making cash flow why would one sell such an asset?

I am also thinking about investing out of state since home prices are pretty high in NJ, and it seems finding cash flow is a bit tough around here.

You move out after a few years, rent the other room for another $800, and you're cash-flowing. 

I don't believe we will see 2-4 again any time soon, so with 5-7 being more likely, you could do a reduced leverage cash out, reducing your active rate but giving yourself some capital to hopefully purchase some new cash flowing properties with reduced rates that wouldn't have been possible before.

Ohhhh I get it now, I was thinking in terms of the current NOI which is 132,000 and with the new 6.6 cap rate she was talking about this made me think the property was going to only be worth 2milWhat your saying is to forget about the old 132,000 annual NOI and now with the increase in rent this would bring my new NOI to 165,000 and with the 2.5mil PP which wouldn't change that would bring it to a 6.6 cap... so the property isn't worth less when I buy it I just get more cash flow since the opportunity to increase the rents is there.Still you can correct me if I am wrong but I think I got it now

I’m looking for a way to document all basic and financial details of each deal we purchase (downpayment, how we funded it, lenders used, mortgage, interest rate, rent, cash flow, when it was purchased, partners included, etc).

This property will cash flow great for me regardless of if I add the additional units but it would definitely sweeten the deal. 

Will your property provide acceptable cash flow after you move out to cover your mortgage, expenses, and then have some left over for straight profit?

The new window can be opened for ventilation/air-flow, but there is a fan in this bathroom as well.