And make sure you go ahead and take another long look at the current lease to know the ins and the outs, and start designing your own lease for when it is time to either renew the current tenants, or get new ones.

We don't know the location as of yet because the 1st meeting we had it was packed and the room didn't hold everybody comfortably.

Of course that's just an appraiser - tenants won't mind at all unless it's dark and dingy.Why don't you provide a little more detail of your design plans and we can be more helpful.  

There is always the "right" amount of leverage and debt an individual feels comfortable with. 

Its my comfort zone.

Once you get comfortable with the basics, then you can look into purchasing a property that requires more work.

Hey all, Im a college student and freelance graphic designer living on the Mississippi Gulf Coast.

If you'd rather be free to travel and can comfortably live off what you make then you might consider selling your business and paying off the mortgages and go travel while you're young enough to enjoy it.

And it is safe to say that many people that live in the town have more than a comfortable living, because most of the better neighborhood homes are owned outright on 1/2 acre or 1 acre lots.  

Our initial rent was also $2300.We selected the tenant that we were most comfortable with after reviewing the background checks and applications from the realty company and have been managing the property ourselves since the lease signing.