You also have another option of potentially a cash out refi on the condo depending on how the cash flow looks.

They airbnb it when they aren't using it and it pays for itself (not sure if it cash flows though). 

@David B.Mortgage note investing Not correlated to interest ratesCan provide steady cash flow Can buy older loans with low loan to value

So rent would stay the same as our current place - and I'd have two rooms essentially cash flowing. 

My goals are different than what it had been - yes, we want cash flow but I want to cut expenses and earn future income and equity for my children.

This site is great, but sometimes the emphasis on cash flow, cap rates, cash-on-cash misses the point that there are other goals with real estate than purely squeezing the most money out of it.Good luck!

At this point, the property exhibits completed updates, increased revenues, and appreciation.So, the best use of investor capital is to sell the property so that they can seek their next investment project.Once the sale is complete, investors get your original capital back, plus a percentage of the profits.While slow & steady cash flow can be nice, selling the property allows investors to multiply their equity faster over time

As a first time landlord, I’m looking for some friendly advice to help get this apartment cleaned up and safe, without infringing on his privacy in excess.

Refinished the original floors (massive value increase), fixed the heating and air system, painted all rooms, cleaned up the yard for curb appeal What was the outcome?

That home is meant to be a rental after I leave it this year or next, and it'll certainly cash flow very well, but I should have put less down and bought a few instead.