Sounds like a great plan. 

At $2450, it will cover those expenses.

Only thing that has happened is that remaining tenant is paying both portions so there is no eviction.I'd speak to the remaining tenant and find out what happened and what is the plan moving forward.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

@Austin Steed: on mid-term: general chatter from talking with agents/brokers involved in that space...when I bought my first MF property end of last year, several reached out inquiring my plans for it and if I'd be doing mid-term.

For instance, you can open a solo 401k retirement plan and make contributions as an employer and employee.

HELOCs let you access equity as needed, keeping costs low unless you use the funds.Key considerations: If you plan to scale quickly, the HELOC might provide the liquidity you need for faster moves.

Plan for the unexpected3.

Those are some of the unique things we offer in addition to helping each investor build a strategic investment plan & roadmap to achieve your specific goals.

They have the time frame and payment dates set but I’ll be sure to make sure things are going as planned.