I have two points for the mortgage.

It's like choosing between two different adventures.If you sell the land, it's like getting money quickly to buy something you really like.

In two of my 4 family units I did a cash out refinance after renovating 2 units in each and the appraiser gave me $4 for evey $1 I spent in updates and I increased the rent per unit by $500/month per unit. 

One building-two sides, often separately deeded and the sides sell separately.   

Good balance of strong cash flow and appreciation. 19 doors and counting.......

I own five doors and am the managing broker of Uptown Firm, a boutique firm that focuses on real estate investing and development.

I believe I have two options.Property Info:Purchase Price: $365,000Current Loan: $329,000Interest Rate: 5.7%Mortgage:$1900PMI:$130Insurance:$157Taxes: $320Current Rent Left: $1200 (Market $1400)Current Rent Right: Owner Occupy (Market $1800)1.

If you are laser focused on specific properties, door knock the owners if they are local.

yes. probably, but I rather have my own place than pay rent. i got it for my budget, $150k. had two tenants in it already. i live on the other side.  

They are decent tenants but their rents are $300 below market as of right now even after two recent rent raises.