Seems like if the vacancy ratios are low STR would be the only way to cash flow on that type of debt and $1500 for an HOA could be a mortgage on a duplex!

However, now that we are exploring real estate more I was considering paying off the mortgage earlier to have more cash each month to invest elsewhere.

I did a cash out refinance and escrow closed today.

If the law does not, I'd offer them cash for keys, or not renew their lease. 

I am curious about how he comes up with the number. . . . the formula goes NWROI = (cash flow & rent savings + loan paydown + appreciation)/ Initial Investment So, if you have a low initial investment - it looks good on paper.

If I rent it, it won't cash flow more than 2%, which is sort of ok as my goals is creating a portfolio of additional income for retirement (12 years from now)  If I sell it I will likley lose a little money ($5-$10k) I Used a VA loan to purchase zero down and will be living in it for 24 months while I do the rehab.purchase price $330K, rehab $15k, Estimated ARV is $370k.  

The numbers I’m running show that it will still cash flow around $150/mo.

I would offer cash for keys, or not renew the lease, and reset the tenants in the building at the first opportunity.

Purchase price: $95,000 Cash invested: $30,000 This was my first rehab.

Search for properties in line with your spending plan and investment objectives.Property analysis: Examine possible single- or multifamily properties to ascertain their overall investment viability as well as their cash flow potential, cap rate, and return on investment (ROI).