IF your personal goals for investing in real estate involve gaining additional units, then this MAY be a fantastic opportunity (especially if the refinance loan is a long-term fixed rate loan at a less-than-dirt interest rate) and you can redeploy the capital sometime in the near future.However, IF gaining another property (therefore more complexity, if nothing else) runs counter to your vision and goals for real estate investing, then the good news is:  you're sitting pretty currently with a nice cash-flow AND equity.So, let your vision guide you. 

The MLS is an underused source of deals… about 1/3 of our deals are sourced from the MLS.Auction.com: online auction website, we check on this site dailyHubzu.com: online auction website, we check on this site dailyExpired short sales: this list will come from the MLS, short sales are an excellent investment opportunity; find the listing, get a name & number for the Sellers and call them to see if they would be interested in trying again (this is how we brought 356 Chestnut St.

@George Blower, if it is allowed could you post a link to your EXCELLENT Youtube live you had a week or two ago on this topic?

Hope your Thanksgiving weekends we're excellent.

I’m thinking word of mouth will spread to good news fast enough.

This would be an EXCELLENT solution for you in the meantime/immediate future/transitional time, in my opinion.

You don't want to be on the evening news as the evil landlord throwing public assistance tenants out on the street. 

The property was in excellent condition.

The news are accurate, homelessness crime are high but the home prices are not being affected dramatically..

Downtown and East Village are excellent areas to look for a condo.