But if you roll your equity into your home, it's alternative cost will the your new mortgage %%.So, this way your $195Kwill be working with your new mortgage rate while it could be paid off by your tenants and get sold when market is very high again.Tenants usually complains about everyday problems: A/C doesn't work, toilet clogged, facet is not working.All these cracks etc - it's the owners problem and Tenants seldom worry about that.Bottom line: I'd use $195K in investment property if it gives you more return than new current mortgage rate.But you have to factor PM even if your wife does it for free.If the ROI is less than the rate - sell it and pay less in your mortgage.ps I think using leverage will get you to your goal quicker than paying off all mortgages....but each their own

@Andy MirzaThe ERISA plan asset rules may come into play if pension funds are used unless the funds main line of business is the development of real estate (REOC), or the fund is a publicly traded company registered under the Investment Company Act of 1940.To qualify as a REOC the fund must invest at minimum 50% of its assets in qualifying real estate considered managed or being developed.

Great post, @Steve MaginnisI'm working on a sale now - the owner is self managing landlord, he's proud how much money he saved for 25 years of owning few condos.He was renting his condo for $650/mo - no lease, tenant pay cash, he pays HOA, taxes and happy to have $400/mo cash flow.I rent exactly same condo for my tenant in this development for $890, same expenses =$250/mo and my PM=$100.

I have an opportunity to develop a 20 acre parcel in Shelby County Ky.

One factor to consider is if you’re going overseas for a TCS or PCS.

My name is James, i'm 33 years old living in Cleveland and I have developed a real fire inside myself!

The best you can do is to evaluate it yourself based on the 3 factors and appraiser should use.1) Income approach - project rents and NOI and use a cap rate you feel appropriate to the market.2) Comparables - look for anything similar sold in that area or surrounding areas.3) Replacement - if you're essentially rebuilding it look at the cost of new construction.

My background is in predevelopment, I have over 8+ years experience in permitting (residential), surveying (platting),  some commercial real estate, marketing and I'm also a real estate photographer, so I'm very knowledgable in those areas and wear many hats, but I'm clueless when it comes to the areas that follow after development.

Taxes are based on several factors, with the first factor being the property assessed value.

A lot have your same opinion, it would be great that we could invest in our local market and be able to drive to our Properties but there are too many factors that doesn't make it ideal for beginners which many already pointed out..