If after you run the numbers, your monthly out of pocket is cheaper than renting then this is a good opportunity to get started.  

REI isn't a dart board, with decisions based on scattered opportunities.

Many say stay away from NY and NJ (which I do) but this also could lead to opportunity since their is less competition.

There are a lot of opportunities in North County.  

Might be an opportunity to cashflow renting on airbnb ....but of course L.A and other cities have been 'cracking down' on that too..

I think that's an opportunity for you especially considering she's not going to be able to make her cousin leave from a familial point of view while you have no blood ties with the guy - and he knows it.I'd try cash for keys first with him if you can get a signature with the cash (maybe even include a clause that he gives up any property claims) and go from there.

Sounds like there may be opportunity.

Sounds like a great opportunity!

Hi all,Was hoping to get perspectives / hear stories on how others approached the possibility of selling RE assets and using the proceeds to paydown debt on other properties.Here is what I see as potential +’s and -‘s:+ increase cash flow by removing mortgages (so more passive income)+ opportunity to sell underperforming assets- less assets under management (so less potential equity appreciation)- taxable gains (will not redeploy into RE as my sense is we are near the top of the market)- 30 year fixed mortgages in place at low 4-handle rates (based on simple bond math, the value of my liability is shrinking on a relative basis as rates rise)Other facts relevant to my situation:* RE is but just one asset in my portfolio (and I’m fine with that); cash flow and appreciation are great, but I’m looking at the asset class as more of a long term hedge against inflation * not looking to leave my day job and / or replace W-2 income entirely with passive income * don’t need the cash flows from RE; again, I see the asset as a levered inflation-hedging play

It costs us money to turn down a loan, both in real dollars and in lost opportunity.