Not a lot of money but could make a big impact on the look.

For now, I think I'll do the following:1) Run the various scenarios in a spreadsheet to see the true impact.2) Maintain the relationship with the second bank by referring clients to them.3) Be thankful for the low rate that I've got!

Your attachment is to memories and you will have those same memories even if you don't own the house.You need a good realtor, sell the house and do something with the money that will have a lasting impact on you and your family.  

It's technically Austin, but Manor ISD and will impact Manor growth dramitcally.Side note, do you happen to have family in Fort Wayne, IN?

I am from Sacramento, CA and I build CNC machines for a living making a modest wage, but do not see it as a permanent path to success. 

You must understand the impacts and concerns perceived by the local municipality (ies).

I am embarking on a more regimented process for tracking and pursuing vacants myself recently...so, what i am telling you is what my plan of action is, but it is not tried and true yet.Send the owner a picture of their house with a letter (if you have time, hand write it for more impact)...the letter might say to the effect:"DO YOU KNOW HOW MUCH IS THIS HOUSE (at 123 main st.) is COSTING YOU?

There are event hard money lenders that will lend you the entire nut for the purchase and rehab, just pay them a portion of the property value once your build out is done and you refinance to a permanent loan.  

Be sure to check with your insurance company about having the right coverage under the right entity.The MA landlord-tenant law is really about dealing with tenants and how some can game the system/be impossible to evict; it does not really impact how you should structure your businesses.  

You will also experience low-turnover, maximizing your returns.1-3 are critically important as the answers will have a tremendous impact on the quality of your life as an investor over the long-term.Back to your question...If you have a provide a good product for your customer, your turnover will be low.If you provide a bad product for your customer, your turnover will be high (ex. providing having a single yuppie tenant move into your SFR property in the burbs...likely not a good fit as they will move out in a year to live in the city/more urban environment)