Once that term is up you have to renew at the current rate.

Tap out of all short-term plays.

The location defines all long-term income characteristics, including whether your rents keep pace with inflation, the total capital required to acquire sufficient properties to maintain your standard of living, and how long your income will last.There is a straightforward location selection process.

In terms of cash flow, it’s definitely possible in the Midwest.

Going over your numbers, have you considered a long term rental instead?

Terms of your contract will control Typically, the agreement with be either a specified term or month-to-month, and should have a termination clause.

I want to make sure I form it correctly to avoid any headaches in the long term.

They also said they offer fully amortized long term loans!

And I'm pretty sure you didn't keep them assuming you purchased pre 2009.

Once you had enough set aside for you next venture, you can use that money.Talk to your bank about what your options are-both in terms of could you borrow more money without paying down the current loan and what the interest rates would be.Everyone has different goals, so you need to decide what works best for you.