As for the primary, take 50% or so of any raises, overtime, bonuses, etc and pay down the primary. 

In the meantime, what should I be doing to raise my worthiness as a property manager?

How many of you have a RE license 3/4 of room raise's there hands.. then the next thing I ask is How many of you are Private Lenders about half the room raises there hand :)

I'll take you up on that beer and raise you another cold one for the newborn anytime brother you just let me know.

I am a good landlord, they know that and respect it - as they can't buy a house (for the foreseeable future) they have no reason to move even though I keep raising rents to stay with market.

Since you are on the board , run it like a business , get the reserves built up , raise the dues , protect your and your fellow owners assets by getting maintenance done , basic improvements , and good cash reserves.

For him maybe.Don't do it, just save the money yourself, or find a different way to raise $10k but those terms are not going to set you up for future success.

Rents can be raised.

Why did you raise your offer?

I was raised back when "yes ma'am" was still popular (in my opinion, it still is).