However, your original question was to pay off the house or not and we are advising you to sell, so answer to your question is NO - do not pay off but use the cash to put 20-25% down payment on more doors to offset the loss of income on the original property.

ACTUAL bank statements  LOL.. that's what you need.. and that's why they use me.. we are for real and know what we are doing and what we need to do to support those who want to do what you want to do... you either have not explained it correctly to those potential money partners or they are nervous nellies and probably wont close anyway.

If you want an exact answer you have to make sure we are well informed in the question, and know enough about your goals, background, and situation to make an informed and insightful answer to guide you in the right direction.

We are fans of cozy.com but have not tried the other sites.

@David Smith I have been reading alot and they keep saying its possible due to the problems we are having with trading with other nations.

I’m brand new at this and my wife and I are looking at little two family property we are planning on rehabbing and renting out.

Vacation Rental Markets to make money #1 Gatlinburg Pigeon Forge#2 Orlando Disney #3 Big Bear I’m in Pigeon Forge Gatlinburg Wears Valley so I can attest to the big returns.

We are thinking of building 2 and 3 bedroom apartments instead of the commercial building and taking down the existing building.

Jim,, we are seeing that here in PDX as well... and I am good with a market that does not have multiple offers.. it makes it very hard for people and agents to make a living if you only have a 1 in 10 shot of buying the house you want..so some stability and slowing down in my mind is a good thing.but what I see on BP is people read the hyperbole articles that misquote things.. and the next thing you know they are worried its 2008 all over again.. which ( and I could be wrong of course) but none of my bankers or those in know in finance world think is a risk.. only risk would be metros losing major employment.. then it affects everyone landlords businesss and prices..

We are huge fans of Dave Ramsey.