I currently own 2 condos which I purchased 10 yrs ago right before the housing market tanked.

I've sold cars the past 10 yrs and I found that those 2 things are what made me the top salesperson in my store for majority of those years.

Take a look at a couple of scenarios:B&H relatively short term (7yrs) and trading into another short term hold to maximize net profit and minimize depreciation recaptureB&H long term (say 10-20 yrs)B&H for life and pass the property to heirs via Living Trust tax freeEach of these patterns manages CASH and DEBT differently.If you've already made up your mind, then IMO it's a apriori proof looking for a justification.The axiom of REI is to preserve personal cash, use OPM whenever possible and acquire assets.

The felonies were 6 and 9 years ago, when the husband was 18 and 21 yrs old, respectively.  

i just removed 6 fans from two homes. i dont want them to break down.but i still install garbage disposals. just last weekend i got my first "clogged pipe" in 4 yrs. turns out it was garbage disposal clog.also - http://www.biggerpockets.com/forums/52/topics/68041-how-do-you-harden-your-rentals

I also do want to eventually just pay off the house and own it in case of emergencies when im older :) I have 14 yrs left (i refinanced last year).Meg

Holding the property as-is, the area appreciates as the crime diffuses over the next 5-yrs and I sell it for $20-$30,000.

I'm seeking a $60K loan on my latest.Fixed for 5 years 3.95% Amortized up to 20 years, refi or balloon in 10 yrs.  

I really appreciate the replies.To answer the questions posed, she is selling because she "is old and has owned it for 30 yrs and is done being a landlord".

-4820Conservative annual gross 5380Payoff property ( without accounting Interest on loan)13.5 years to pay off.Considering if I pay off early 8 yrs ARM Would this be deal worth it?