I'm still new to BP but a lot of you guys are super creative and I figured I might as well try asking you guys for some advice.

I am trying to figure out if I should sell the rental for better opportunities.Ironically, I am also evaluating a 10 unit as my first multi-family. 

The gotchya is that they limit employer funding to 25% of the income, which means, to meet the 55k limit you have to exceed the FICA income limit (go figure) and pay maximum payroll taxes. 

He bought a new house around 1995 and allowed one of his sons to live in it for several years, paying only to cover the mortgage.Subsequent to his son purchasing his own home approximately 2 years ago, the house has been mostly empty except for a few months when a family friend stayed in it and only paid to barely cover utilities.

The QSR wants to see a site plan first and want us to show a base annual rent figure that we are asking. 

@Kenneth LaVoieWhy not figure what your payments would be with the 30 yr financing and then work backwards to figure what your LTV would have to be with your current financing and then use that as a target point to pay down to and then refinance...This way you keep your liability protection, get the same payments as the 30 yr financing and are better protected against a down turn of the market due to the larger equity cushion.Example 100k note with 30 yr 4% = $477.42, but you could use a 20 yr note at 6% in the LLC and carry $66,638 mortgage to get that same payment $477.42. 

I enjoy trying to figure out what strategies will work best for me.It does seem like many members here are all about BRRRR. 

Thanks to your advice, I feel comfortable that my filing deadline is May 15 and have some more time now to figure out the rest!

I figured this would be a good time to ask what everyone else does to make showings go well as smell welcoming to perspective residents.

But one way or another I will figure this out.