This way, you can have passive income coming in from multiple properties regardless of where you are living at the time.Ultimately, the best strategy for you will depend on your long-term goals, risk tolerance, and level of involvement you want in managing the properties.

Rates vary for commercial loans, your amortization might also be different - it depends on the bank though, but the appraisal and value of the building depends mostly on the operating income rather than comps.

@Ammon JensenFor this purpose I do not believe you can write this off, add on that you are paying ordinary income on the 10-12% which let’s say is 20% and after servicing you may actually be losing money every month.

We were, but he missed 2 things, my wife’s income and the taxes I paid.

Yes there are options upto 80% cashout with no seasoning as long as it is rented and cash flowing even or better . no income no doc .

I love income properties so my first inclination is to keep it.

It is interesting to see in the Smokies 8 to 12 bedroom homes are not getting that much more income than 4 to 5 bedroom BUT has 4 to 5 bedroom been overbuilt as they represent majority of the building permits?

You have to figure out how to deal with them or say goodbye to the income.

I agree with Jordan, your agent is the best in coming up with comps and ARV. 

I do like to start with open communication but if a tenant does not appear to be interested in coming up with solutions I recommend using an attorney right away.