Sure there is principle paydown of $2500 a year but I think I can use the proceeds to fund 2 more properties that cashflow and don't have an HOA.

Additionally, much of the existing housing stock has not been updated for a while due to having long-term tenants.

There are folks that I've worked with that have never experienced savings, never invested in the stock market, never bought a home, and in the case of some extreme examples, have never even opened up a bank account.

We have to pay for access to our local MLS, but you must be licensed and have a principle broker.  

Being that there is so little stock in our neighborhood, my gut tells me we will be waiting this out.

Here are the details on the house:The Good-Located in Hunterdon County NJ in a desirable town/school district-2 bed/1 bath-Attached 1 car garage-1/4 acre lot-fenced back yard-Hardwood floors-Central air, newer oil furnace/wood furnace-30 year roof put on 7 years ago-450 SF of finished space in basement, carpeted with built-ins-Full perimeter foundation drains and two sump pumps (basement has never seen a drop of water)-New gas stove, dishwasher, and laundry machinesThe Bad-Mortgage balance is about $222K @ 6.125% - House was appraised last month at $220K-Current PITI is $2345/month-$1495 Principle and interest-$615 Property tax (Taxes are very high here)-$60 Insurance-$175 Private Mortgage Insurance-Normal rent for my area on a 2 bed/1 bath is only about $1000 a monthDo I have options here?

With the ups and downs of the stock market and the recent turmoil in residential housing, more and more investors are seeking refuge in single tenant NNN leased real estate investments.

Start talking to everyone you know, asking if they know anyone who's tired of the stock market losses (ask them how much THEY lost in the '08-'09 crash- average is 40%- rub it in,)  have a self directed IRA or other available funds that they'd like to invest in a secure, tried and true investment medium.

  :)Some people believe 'you can't get hurt with dirt', there are others who argue the 'liquidity' of the stock market is better, and there are others who play in both arenas vs. betting on only 1. 

1)  I'd start with $5 Million in the bank.2)  Not put all my egg's in the same basket.3)  Move $2.4M in to a basic 3 fund total stock market taxable portfolio. 4)  Spend $2.0M on LOCAL Buy & Holds ...