Also, I would also not cross-collateralize the houses if a lender would even do a portfolio loan.On your second question about multifamily, I would not jump to multifamily until you have experienced the common management problems with single-family as the expenses scale with the size of the property as well as the cost of mistakes.I would consider getting Home Equity Lines of Credit (HELOC) on each property.

@Troy Smith - if you buy a new primary home its 5% down for a conventional loan or maybe FHA works as well with 3.5% down. 

Do you cash flow well?

Hi All,I am a GP/Sponsor that has just formed an LP based in Toronto ON, looking to raise $15M of equity to acquire Industrial and MURBs across Canada and the US with a target AUM of $50MM. 

The leak was pretty severe and ended up going into the garage, so we had to dry out and ventilate the garage as well. 

@Russell Brazil posts about this frequently - better to do repairs yourself and hold in escrow than have seller do it as you never know how well it’s done.

Hi Nicholas, I just listed my 1st rental property as well (located in Henderson, NV).

If the goal is psychological because you have too much debt to sleep well at night then sell some properties and use the proceeds to pay off the debt on your remaining properties; or better still obtain the services of either a psychologist who can get you over your uneasiness or seek out a financial advisor who can convince you of the difference  between consumer debt “ bad” and investment/business debt “good”. 

Some in downtown Norfolk as well.

If you need an agent in your area to help you as well I'll help find the best agent for your situation and area and help make sure you don't get stuck with a crappy agent also.