Hey Jimmy- I'd be happy to discuss how things are in Beech and what the short term rental market looks like.

I'd highly suggest getting to some local meetup groups in MKE:  https://www.biggerpockets.com/forums/521-real-estate-events-...When you say you are considering alternative financing options, what does that mean?

IF $100 a mo breaks your budget, then I'd say you need to raise your rates......Just my $0.02....

Hello everyone,Imagine this topic would get more engagement in a Creative Financing space.

I have a single family deal lined up now that I’d advise any investors new or seasoned to check out.

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.

Everyone's situation is unique and I'd be more than happy to do a strategy session with you and your husband (free - I'll never ask you for money!) 

I’d highly recommend speaking with a CPA who understands both states’ tax laws to optimize your structure.If you need any local insights on property management or investment strategies in Oregon, feel free to reach out.

If you want to only do PM I'd recommend just looking on LinkedIn, or Indeed and applying for local apartment communities.  

If you'd ask this question while still employed I'd say apply the $8500 toward knocking down the debt quicker but since that is not the case I would build up your reserves to about 6 months then begin applying those funds to bring down the debt.