I do not like this because I did not screen the tenant but on the positive side the tenant is already living in the home so it is cash flowing which is great. 

At the very least it puts you in a much better negotiating position with judgement creditors. 

Looking for advice on whether I should take out the equity, or seek another type of loan.

Interest 9-12 percentAmounts: 225,000.00 to 400,000.00Term: 36 MonthsSecurity Position: 1st PositionPayment Type: Interest OnlyDo you think note investors will be interested in these notes? 

Loan Terms are 36 months with 1st position security. 

You can easily have a promissory note or lien position that is somewhat secure and all you do is find the people to lend too. 

You'll end up with more units in the long run and will be able to build equity faster than buying single units. 

Zillow was always biased toward realtors, but by allowing owners to list their properties on Zillow, Zillow also represented threat to the monopolistic position of the NAR – it was in a way potentially eroding NAR’s stronghold on the market.

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.