One of the benefits of a cash out mortgage is the ability to obtain a fixed rate loan that will not be subject to an increase in market rates.It really comes down to what makes the most sense for you. 

We are building and holding everyday and love the tax benefits.

The added benefit, however is, I am now slowly building equity in the property and my girlfriend gets her new kitchen.My next step is to refinance.

I feel those who get lost in analysis paralysis would benefit from my approach.

When a 15 pays off, a 30 still has about 65% to go.And the tax benefit argument of keeping loans forever is bogus. 

Hi guys! Been a bit since I posted here. I've been working very hard to start a REI business and it is happening! (We'll see the success rates later, but feet in the right direction is a good thing)!I have had a few p...

Currently I have it in my name but wasn't sure if it would benefit any tax purposes by switching it with my rental properties or would you want to keep it separate?

Awesome story Greg, I am sure there are others out there that will benefit from it.

We got the house we wanted in the town we wanted, made some very minor upgrades and benefited from good ol' fashion California appreciation.Also if wanting to reduce your risk and exposure on your first BRRRR you could partner with a friend/family member.Lastly there are some more affordable parts of California or for your perhaps AZ that while long distance may be close enough for at least a few drives to the area to meet face to face with folks and get a feel for the market.

Accept their notice and start marketing the unit and prepare for quick repairs and fast turnover.....let them go.You didn't screen them or accept them....no deposit (red flag)....below market rent (probably no increases in the 3 years)....and they are giving you their first test to see if you flinch....don't flinch.Yes its a business to make $$, but you also cant run a business out of fear....... the short term "pain" of vacancy can result in a long term benefit .