Earnings next year will 250, then 330K.About 100,000 of my debt is 5-6.8%, the other 200,000 is 2.8%-3.8%.We are moving back to the NYC area and were wondering if we should sell our current Manhattan apartment (we won't be living in Manhattan) and use that money to pay off my higher interest loans and credit card debt and put a down payment on a house versus hold onto the apartment and continue to sublet (rent) it out in the hopes that someday we can sell it for a lot of money or keep it in the family.

They all have equity and all are considered fixer upper/opportunities to me where I can improve the value. 

I think I need to calculate the returns that are possible here versus elsewhere.

With a conventional loan I was planning on financing the purchase and using cash to finance the improvements.

And perhaps this also addresses the mop and glow rehab versus really producing something of value with major improvements.This is a bigger conundrum, as a flipper or rehabber which direction do you go?

I guess I figured I'm just learning, so any time I put in is important to help me improve, but that may not be the case in the future.Thanks!

Is it different if the mortgage comes from a big name bank versus a more local institution ?

It would speed up tenant repairs and he would be close enough when you thought he should improve the repair.    

Even more often the landlord is in a better position to modernize the building as the departing tenant is forced to pay the landlord for the damaged building and tenant improvements that would have had to been replaced anyways.Also, they are the people printing the money after all.

The introduction and passage of this bill will have an immediate impact on all of us working hard every day to improve homeownership opportunities in neighborhoods across our country.”