I know that you will find this site to be of tremendous value as you begin your new endeavor.

These two things will.help tremendously, but its not a substitute for good old fashioned study sessions

For example, if you are seeing tremendous year-over-year appreciation in that area that has finally brought you back to even from when you purchased, and it looks like it may continue, it may be worth it to hang on.3) pay off your line of credit at 6.24%.

This would seem to have a negative impact on historic districts by increasing density and adversely affecting parking (many historic homes, at least in my area, do not have adequate parking/garages to begin with -- this will just exacerbate the issue, putting more cars on the street).We're also in the unique position of having a University within the community that currently only houses approximately 40% of their students, putting tremendous pressure on the local, mostly historic, housing stock.

Unfortunately, at that point you'll be out $75,000.00 in legal costs, and tremendous pressure will be put on you by the trail judge to settle out of court. 

However, the appreciation value has been tremendous.

Value of the place will go up tremendously at that point. 

I am guessing that $200k in Michigan would leverage into a nice multi unit that would cash flow tremendously.

Extension agents are tremendous resources.The assessor can help you with your tax questions.A tractor dealer can help with the equipment appraisal issues.Where is this property located?

For example, I have tremendous cash flow on my lower end properties.