Able to get the seller to agreed to knock down another $10g, in addition to the repairs and inspection fees.

- Management fee percentage and what that typically includes (my company seems to charge a cleaning fee separate from their management fee, which I hadn't realized)- Additional monthly expenses (my company charged $200+ for a fire extinguisher inspection?)

In the early years of owning a property that's really helpful as the cash flow is paying down the debt AND providing us with income. 

Additionally, even though the individual risk is low, if you happen to have a title claim, it's not something you want to deal with on your own.

@Melanie P.Also, what people do not realize is the majority of real estate investors will take on debt.

I'm a vendor at the NCREIA and the Charlotte meetup is a great networking event in addition to this platform.

The other idea is to hold on to it and then when the rates go down refinance, pull out equity and buy one additional property. 

If you have good cash flow on your properties, there is an argument to kill some of the debt with high interest of high K factor (large principal, small interest payments).

I've been deliberating over the same issue (long-term rentals vs. medium-term rentals) and am inclined to invest the extra effort to manage a medium-term rental, given the appealing additional cash flow it promises.

So you pull out your equity, your mortgage payment might increase from $2700.And that refinance is still debt, meaning you won't qualify for as large of a loan on your next house.If you want to buy a stepping-stone property now to prepare you for a better home later, you should focus on buying something to sell it.