The plan is to come in and improve the NOI over the next 12-24 months then implement a strategic cash out refinance and move to long term permanent agency debt.

Left on Loan: $175K (Maturity 2/14/52: 3.55% Interest Rate) with monthly payments $835ARV: $275kList Price: $271KRehab Needed: $15kLet me know if you need any other details. 

Should we sell these condos for better cash flow houses or try to find owner financed deals?

I want to purchase out of state for a number of reasons (Landlord/tenant laws, tax purposes, purchase price, cash flow, etc...) 

Hi,For one of my rental in San Diego,CA which i listed for rent around $5K per month I am getting clients who want to pay all cash for a year.

If they do the escrow or just partial pay rent they you take them to court for non-payment.

From their credit report, it appears they are making regular payments and haven't been late with any payments on anything in several years, so perhaps they just put their wedding on the cards or something and planned to pay it off, but I don't know.

Are you closing with cash? 

Purchase price: $194,500 Cash invested: $42,000 Fits the perfect long term cash flow model

With a 700 credit, and solid property income, you should be pretty solid to pull cash out of that property.