For example, a sandwich lease carries some of the same risks that any landlord faces, what I call the tenants and toilets issues. 

We cleaned up the issues and problems, and maximized the income which increased my NOI.

There was an opportunity to help a fellow investor who had his family growing and needed to dispose of the property to get rid of problematic tenant issues, rising taxes, and invest in other opportunities closer to home.

I maintain two rentals and the pool requires very little attention compared to other issues.

The issue is, based on her credit report and other known info, I added all the expenses: (car payment $722, debt obligation/month $1900, rent, renters insurance, utilities, estimated grocery, living necessities, her total **essential** expenses would be at least $800 greater than her net income. 

With my clients I am able to point out obvious signs of foundation issues here in Austin, and I always suggest getting it checked before closing too.

The increase in cash flow you will get when it is paid off may be great enough that you want to keep the property, either monthly, or you can always cash out refinance and take out a larger lump sum which is tax free and just let the tenants pay it down over the course of the next 20 years but this time with a manager so you’re less involved.

You will more than likely get a higher rate then what you have now but its a simple short term loan that you can refinance in 12 months to lower the rate when rate drop next year (which they will).Use the cash for the DP but I would also advise taking out just a little more as a "What if factor" to cover any unforeseen issues or last minute repairs.

I’ve also read a way PMs get around this is by only putting 3 on a lease and any others as occupants which can cause issues with eviction.

Housing in the NYC area is obviously more expensive and will likely require a larger down payment.Thanks