In most cases, the rehab money is interest free until you actually draw the money and if you never actually draw the funds, you won't owe the money when you go to pay off the loan.

I would consider selling if you have lived in the home the past 2 / 5 years since you have a decent amount of tax free equity in there but as long as you have a plan to reinvest those funds.By your numbers, since you have an amazing rate and high rents, I would consider renting it out if you believe your area will continue to grow in value.

Take the tax free sec 121 first and then 1031 the leftover.

Feel free to message me and we can talk offline

Even a weekend trip to scope neighborhoods can give you a feel for the area.Good luck building your portfolio, and feel free to ask if you have questions about getting started!

Feel free to reach out if you’d like some guidance!

Airbnb will send you a free Minut noise monitoring system (they did before) that can help monitor noise and parties as well. 100%I would add that your rates are too low if you are attracting these types of guests. 

At which time the investor who created the deal would now own the house free and clear.

Eli,If I were you I would look into Subject Two, Land Contracts on Properties that are free and clear and Raising Private Money!

I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.