The first floor is a body shop/used car lot and the second floor is a 3 bedroom 2 bathroom apartment.

We plan to get this done in the next couple of months.We have tenants in the units so want to make sure we give proper notice and want to know what are the things we should keep in mind when doing the work so the they are not impacted.

Again from my understanding (and I re-read the proposal) this has zero impact on lending.  

There are a few trade offs to be aware of:CF leading up to that point is diminishedLess flexibility due to a larger mortgage payment each monthHigher DTI, which may impact your ability to purchase other propertiesOnce paid off you remove one of REI's profit areas: mortgage pay downFor me the biggest down side is Return on Equity.

Plug in higher expenses than what you anticipate, so if for your expenses come in below your expectations, your net operating income won’t be impacted.

Jones as regards the current market cycle, paying down mortgages will not have any impact whether things get better, worse, or stay the same.

End if story.Then, I would file an eviction notice to tenant for failure to bodies by the lease agreement and get her the hell out of there, Baird it clothed.

@Gianni D'Alerta The podcasts have been the greatest impact on my life from this community, for sure!

Hopefully you can see the HUGE impact this can have on your business!

Hi Friends @Deanna McCormick, @Darren Sager, Account Closed one correction, I was reading last lease I got from landlord, however no body signed it.it says "30 Days" notice, so it's not 1 month,this mean I can give notice on Nov 4th and , vacate on Dec 4th, so I don't have to pay rent for entire month of December...right?