I bought a condo in Norman Oklahoma 3 years ago and due to the rental market, I have struggled to get another.

It sounds like mistakes were made on the properties but I'm also questioning the market (you didn't say where these are). 

Unless you make the theme of the house around that famous person, I dont think consumers will pay a market premium on ADR to stay. 

Would love to hear more about your plans and see how the market is shaping up for investors.

@Shane Regnier I've flipped a bunch of houses in Ocala but have yet to dabble in the rental market. 

But, the self-sufficiency test for FHA loans can be really difficult in SF, meaning that the market rent from units you will not occupy must be sufficient to pay for the mortgage payment. 

The property has remained 100% occupied throughout my ownership and is on track to continue receiving market rents from both tenants.

The property has remained 100% occupied throughout my ownership and is on track to continue receiving market rents from both tenants.

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals .