If I were in your shoes, I would check the title of the property and be sure it is free of liens or encumbrances, then I would take title through deed, then and only then, I would collect the instructions on making payments to the lender directly.I did one of these where I was able to negotiate the 2nd loan down to about 25% of the balance and paid them off and only had to refinance the first (when I wanted to) and still have this duplex years later.  

Out of state investing can be very beneficial for someone in your shoes.

I know everyone in my shoes is likely asking this question to themselves, but I wanted to see if there is anyone out there willing to work with me to help identify ways I can make some progress. 

However, it’s important to maintain enough liquidity for unexpected repairs, vacancies, or other expenses across your existing portfolio.If I were in your shoes, I would likely lean towards reinvesting in a way that balances both cash flow and appreciation.

Lindsey, I'm in the same shoes like you trying to develop a small tract in the Charlotte, NC Metro area.

Typically, the worst case is you have carpet and have to replace it all because the tenants never took off their shoes.

If I was in your shoes I'd probably 1031 it, especially if it would allow me to learn the process so I can be better prepared for future transactions.

Remember, every experienced investor was once in your shoes.

I wouldn't though because you wind up prob spending at minimum the same and tons of time.Me in your shoes....

Steve Babiak - what strategy would you use if you were in my shoes?