I think what goes wrong is operations like this bite off more than they can chew and slide into a downward spiral, and then try to protect their own margins.

My lease was on a sliding scale for additional tenants.

Some insurance companies tend to try and slide their way out of a genuine claim at any opportunity, so how would this grey area be any different?

I spend the next day and every subsequent day working on those items that have been texted and prioritized into my to do list.

.- Normal sliding closet door in Master Bedroom.- Electric Appliance, only water heater is gas.- Garage is attach to the house, but you have to walk out the side door and get in the house via front door.I could flip or rent, if I rent, I would get 9.5% Cash on Cash return, not including vacancies & repairs.

Do I do the refi because I should be cash flowing each month but add 10yrs back to my term and all the subsequent interest as well or do I stay the course and try to pay it off quicker?

Check out this NYTimes slide show regarding service animals. http://www.nytimes.com/slideshow/2013/09/29/realestate/20130929-COVERDOGS.html#1

My goal is to invest and flip my first property and use the proceeds as a leverage for subsequent properties.

It is ever so easy to slide into debt in your mid 50s, but extremely hard to battle your way out of it when you are in your 70s.

@Stephen Doyon:Hi Steven, I would agree with your perspective regarding the population, units available and subsequent deal availability.The original discussion was more about the number of BP members from this area vs other areas.