There are other considerations if you become an agent and an investor.

I am in talks with a multi-family owner who would like to sell me his property, but stay on as a 20% owner as I re-position it over a 2-year period. This raises some tax questions for me. This property is in New Hamps...

I am in talks with a multi-family owner who would like to sell me his property, but stay on as a 20% owner as I re-position it over a 2-year period. This raises some tax questions for me. This property is in New Hamps...

Variable interest rate, prime+0.25%, 15 yr term.He has an 820 credit score, is retired & owns investment properties with an enviable passive income stream that they definitely took into consideration.

I would suggest taking into consideration what's laid out in this New York Times article, from a NYU professor, especially when investing in a college town with little to no alternative industry to support quality renters. https://nymag.com/intelligence...

The rental property calculator didn't take the refinancing into consideration, that's why I used the BRRRR one. 5. 1.4% is the number I got from the region's statistics on apartment rentals, but I'm sure it doesn't hurt to account for a higher rate.6.

Can you tell if this investment is worthy of consideration?

Thanks for all the help I will definitely take all this into consideration 

Consequently, the downturn in pending home sales in March and April served as a warning that May’s existing home sales numbers would be down considerably.

If you sell, for consistent income, you'd need to figure the return on a new and hopefully larger/better rental.After that it becomes an IRR comparision, UNLESS, there are non-monetary considerations involved like sentimental value.