Only con I see if the fees to maintain for license.

Presently owe $75k on a refi'd loan balance of $85k locked in for 15 years (13 years left) @ 3.375%Quick financials presently$21480         Gross Rental Income (16241)        P&I pmts, 5% vacancy, insurance, taxes, lawn care and 10% cap ex & 10% mgmt fee (I self manage though and do not take a fee, however figuring for #'s sake)-------------------------------------------------------------$5239           yearly cash flowProjected cash flow after Refi$3230(I'm down to very little cash - cash built up was put in the single family rehab last year), I've also completed upgrades/updates through the years and have tried to maintain this place fairly well.

I do not have this foundation, so I maintain, my value is in my skills (for now).

I'm stoked on the amount of growth and ever increasing quality of posts and topics I'm seeing.Short questions: What is the best method, or your personal recommendation, for transitioning Mom and Pop power retail shopping centers into properties with multiple National Credit chains as tenants?

So if your property is worth $200k, and you have a balance remaining of $100k on the mortgage, you could do a new 30 year fixed (or whatever your lender offers) for probably around $160k ($200k minus the 20% they will require you to maintain in equity in the property).  

I usually run my numbers like this...Rent minus mortgage, taxes, insurance, management (11%), maintainence (10%), cap ex (5%), vacancy (9%)After all that I aim for $150 to $200 per door in cash flow.Mike

I know that there are companies that are a little spread out geographically and handle the purchase, rehab, and placement of a tenant, but I would be less confident that they would maintain a presence in that particular location.

You also have to pay a fee to maintain access to it. 

The house is an older home built in 1880, but it has been maintained well.

It is a 138 unit in Wilmington, NC. 1984 construction well maintained property with a nice value add component.The property is currently being owned by 2 brothers, who have a construction background and have a in-house manager.