Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!

@Mike Jones what Tom is suggesting (to have the UCC released and refiled) is the way these things are typically handled such as during a transfer or refi.

FCI supposidly has $15 a month and ACH transfer to checking, so check them out.

  - 15 Days prior - Setup a time day to do final walkthrough and transfer keys. - Day of, change locks. 

Many also do it to hide that they are currently being evicted.ALWAYS check public records to find the owner per deed transfer.

Do people just wait for tenants to give them checks/transfer rent or do we need to send a invoice every month to tenant for rent payment?

Alternatively, you transfer the $1,000 rent to mgt company which records it as revenue, just like you would.

@Jonathan GreeneGreat feedback and agreeThe best type of post that is a question outlines the situation, what research you have done and ask for confirmation or further direction.The “what’s the best state to invest in”, “should rent or sell my home (with no other context) and the infamous transfer my property into a LLC - I wish BP could have AI charge people for asking those questions.

I think having a partner is a better option.The collections is from 5 years ago, however, its been transferred from collection agency to collection agency and the last one reported it to all the credit bureaus last month.

They then informed me that I could either move forward with the management services, with a nominal discount of $110 for the error, or revert to the Lease Only Option and have the lease transferred to me without any security deposit, as none was collected by the property manager.This mistake has left me in a difficult position.