This amount is below what I pay now; however, this rule does not apply to "hotel apartments," which is my apartment classification.

I had 19 of my 200 rentals in Dayton OH for that exact reason and you pay for what you get. 

It pays for the water, sewer, taxes, and provides us with a small cash flow distribution each year.

Individuals overwhelmed by debt may need to liquidate their property to pay off creditors.Divorcing CouplesDivorce often necessitates the sale of shared property to divide assets quickly.

.= approx. 700My monthly cost for living in one unit= approx $1800 (which is what I pay to rent right now).

@Orien Kuang - I think it's smart to try self property management on your midterm before paying 8-12% to have someone else do it.

And now that the furniture is not an expense (since I’ve already purchased it) I literally just need to plop it somewhere vs pay for storage!

So, does a 3rd party purchase the property and the buyer pays the 3rd party?

A refinance that only pays off the existing balance (plus any costs) is considered a rate and term refinance and should offer lower mortgage rates and costs due to simplicity.

So many people focus on interest rates of current vs interest rate they will pay on the next.