Treat any time spent on building leads, crafting marketing pieces or executing a direct mail or phone calls, as complete gold and NO ONE can distract you from those income-generating activities (IGAs).4.  

You missed the fact that the $52,500 in equity is saving/generating 4% of the returns.

Had you handled this differently, and been able to answer the questions I asked without all the BS, maybe I would have referred you some of the 100+ leads in my pipeline looking for Facebook advertising (that, I generate through PPC).

Hi Rob, wonderful post, looking forward to reading everyone else's responses as well.I will likely make a fair amount of assumptions in the following discussion, but none-the-less, I would do the following:1) Sell your property in VA.Based on your discussion, my advice would be to sell your home in VA as it is not generating any "real" money for you.

@Peter Bardou I have only used Venmo a couple times, does it generate weekly, monthly or yearly payment reports? 

Not a terrible idea to generate cash flow, but there is definitely some trade off. 

I guess I'm just confused as to why some people would have multiple rentals if they are not generating income.

But can I still refinance and pull out the equity and then sell in 5 years to follow Brandon's system of selling at least 2 deals every 5 years to generate close to $100k per year?

Ultimately, avoid getting trapped into a bad deal just for the seller financing option.At the end of the day, in my opinion, you are investing for the property and the money that the property will generate (be it appreciation, cash flow, tax incentives, etc).  

Ideally, we intend to have as much profits go back into the business for new investments as possible, but at some point we hope to quit our day jobs and start generating our income from our investments.