Last years' exodus was 11,000 mom and pops.

Hello everyone, I bought an investment property (duplex) in Cleveland in October of last year and I am planning to transfer it to LLC owned by myself.

I made 120k in equity last year with the sale of the houses but because of how stupidly our business was set up, Our tax guy suggested my partners give me most of my equity as a gift because we didn't want to get taxed on it twice.

The first house i bought is now my rental instead of the one i inherited which i was renting out for the last 4 years.Long term Goals are to acquire more properties over time, currently my short term goal is to upgrade to a nicer house to live in.My realtor swears up and down not to sell it and to refinance the one im in, as well as my lender, but 259k in interest going from it being paid off in 4 years to 1600 a month for another 30 years is a hard pill to swallow, even though technically the tenants would be paying it off but at the same time i lose allot of profit.

We had a tenant recently who wanted to be paid back per diem the remaining days of the month that they paid for and it was too "nitty gritty" for me since we don't rent anyway "per day" and it felt like they were trying to get every last bit of $$ out of us at the end so not a nice feeling.

Have they been on title on any rehab/fix and flip projects the last few years? 

from this time last week, 30-yr mortgage)Market RuminationsMortgage interest rates dropped considerably in the last 7 days, a well-welcomed reprieve from seemingly ever-increasing rates.

How have you pivoted over the last 6-24 months?

As some of you guys know, I've been doing deals out here in Scottsdale for the last ~13 years.

I would use that as a last resort.