@Sarah Santa CruzIf you have funds and are liquid to cover repairs etc then I would pay it down as it gives you flexibility and exit strategiesI would not pay down the 3-4% loans as you can invest it and do better but at 7.375% investing to get that return (net) would be historical average so I would say pay it down

Also look at the historical vacancy rate.

Since Detroit seems to be a subtopic in this thread, here's an actual historical population chart showing a slight recent pop increase of 0.2% for current 2024.

Historically what is the most rents have declined especially in a growing city? 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Instant cash flow investing as we have seen it in the 2010 years has been a historic anomalie.

Plus some of these are on ground leases, which can create financing issues down the line.I have nothing against manufactured homes, but I think it would be beneficial if there was a comparison for short term and long term historical performance on both rents and value.

First days then they rent a vehicle and start looking for other places in DR to visit and renting other Airbnbs depending on their route to explore the country, and get to know different tourist, historical, cultural spots and, as you said before, nightclubs if they are local, they go sightseeing. to explore every corner of the country, what there is in the city of Santo Domingo, there is not in Punta Cana and each city, no matter how small or large it may be in the Dominican Republic, has its essence and that is what keeps North Americans, Europeans, Latin Americans and Asians investing in different sectors of the country, just ask yourself this question because there are so many foreign and local investors in Punta Cana or the Dominican Republic in general, the answer is simple, remember, the Dominican Republic has it all.

For example in an expensive city like NYC, most landlords "lose" money on cashflow every month for the first few years but that's because they're banking on the 6-figure appreciation they make from years 6+ onwards (historically). 

Some folks run away from historic homes.