You're handcuffing yourself by only having a plan in place for 5 mortgages and $1000...then saying, "Once I hit $1,000/m within my five house/mortgage limit I will review and decide how to proceed next.".Also, you don't win by "taking" what a market offers.  

just talk to the tenant and see if there is a viable solution before you out of pocket cashall problems have a solution with good negotiation  both parties can have a win winenjoy

The sale closed, keys & title changed hands, funds were disbursed - but when we called the mortgage company a week later to discuss escrow refunds, we discovered that the investment property mortgage was, in fact, intact and that our primary residence mortgage had been paid off!

@Chris FarrugiaYou are in a no win situation. 

HELOC for the win.  

I knew the house was "winterized" but did not discover the disassembled supply lines until I was moving in. 

The lease option, especially on properties you own, can be a really good, hassle-free(ish), REI strategy that creates win-win solutions.

The lease option, especially on properties you own, can be a really good, hassle-free(ish), REI strategy that creates win-win solutions.

:)Also, please share your insight with me any advice and I'm Ajay's up for win-win strategies or advice.Thank you

The lease option, especially on properties you own, can be a really good, hassle-free(ish), REI strategy that creates win-win solutions.