Given that cost to convert would likely be in the $10-12 per square foot range, it's a pretty healthy ROI.

Selling the other mortgaged property would produce enough cash to fund the duplex's sale or renovation, net after capital gains for that property.Should I:1) Refi + reno and continue renting2) Refi + reno and sell3) Sell the duplex and the other leveraged property4) Sell the duplex and one of the lower cap rate, non-leveraged properties5) Something I'm not thinking of

In long run, 10-12 years, I want to have $500k+ in real estate producing 6-10% roi.

It is an amazing cash flowing property producing a solid $800 a month with more to be made as rents go up each time I get new tenants.

Some CPAs has a healthy concern when advising clients and others either have ulterior motives or a lack of understanding that leads to an overstatement of the risks.

What are some of the no go areas in terms or crime rate or non cash flow producing properties?

My bottom line for me is to make sure that I buy a property that will produce positive cash flow and not require me to invest additional capital into the property post acquisition costs and related rehab.

I would use the 10 year performa to judge if the RE is likely to produce a good return.The result could very well be to sell (it likely is going to indicate to sell seeing that you apparently purchased without doing this exercise), but to decide to sell based on initial cash flow alone is making a decision without some critical information.good luck

.- If you find a good deal, and you are happy with the numbers, and you have a healthy timeline of ownership, along with adequate capital reserves, I would not worry too much about trying to "time" this real estate market.

I also have a very healthy credit card and solid income that can back me up if a catastrophe hit and I have to expend my entire reserve.Sit down and crunch the numbers.