I'd like to extend this post to those in Elk Grove, Carmichael, Citrus Heights, and Orangevale as well - all potential locales for our first flip.

You're considerably younger than I am so of course your goals are different.

It sounds like the only way this could increase your cashflow is if you're refinancing into a lower interest rate and/or paying off a higher interest rate loan.That being said, I would strongly take into consideration how long the loans have been in service.

Again, thank you all for your advice and i will take it into consideration when I make my plans in the future.

I would like to thank everyone for their input and @Wendell De Guzman I will definitely take your comments into consideration. 

It's dropped off considerably this month, but we still expect to average north of $2,000/month for the year above expenses.By my reckoning, $24k/$110k is about a 21.8% annual return our first year.

Have been reading posts for the last couple of weeks now & wanted join the community. Im a REO Handyman & look forward to chatting & meeting new business contacts here. 8)

Not in foreclosure yet but there is a considerable risk of it.

Just some fun ribbing at sales and marketing we saw at the height of REI nonsense the past 5 years.)"

W I T N E S S E T H :WHEREAS, Assignor has entered into a certain Real Estate Purchase and Sale Agreement with __________ as "Seller" and Assignor as "Buyer" which Agreement was executed on __________, by said Assignor and on __________, by said Seller for the purchase and sale of certain real property being, lying and situate in _____County, __________, and more particularly described in said Agreement, copy of said Agreement being attached hereto as Exhibit "A"; and,WHEREAS, Assignor desires to assign, transfer, sell and convey to Assignee all of Assignor's right, title and interest in, to and under said Real Estate Purchase and Sale Agreement; and,WHEREAS, Assignee is desirous of receiving all of Assignor's right, title andinterest in, to and under said Real Estate Purchase and Sale Agreement;NOW, THEREFORE, for and in consideration of the sum of _________ Dollars ($___.00) and other good and valuable considerations, the receipt and sufficiency ofwhich are hereby acknowledged, Assignor has assigned, transferred, sold and conveyed and by these presents does hereby assign, transfer, sell and convey unto Assignee all of Assignor's right, title and interest in, to and under said Real Estate Purchase and Sale Agreement.