All the properties will be on Section 8 (longer term tenants).

We know being an landlord is a job, but if we hold it for long time, it can be a decent income.However, now we are thinking since the interest rate for our sfh is 6.375%, why not sell the townhouse and pay the principal of sfh?

Hi everyone,I'm excited to be hear. 

If we plan to rent to a commercial tenant in the future then should we opt for commercial property insurance now, or just homeowner insurance and then change to commercial once that space is ready to be rented?  

Peace of mind will comes from dealing with right deal and right people and right area, and not from high CoC returns. 20% CoC is not worth the headache it brings if deal or tenant or area turns out to be bad. 

@Dan N.I would ask your agent to ask their agent is the home being included in the bankruptcy?

What should I purpose the interest rate be?

It also will be harder if it's over 90 days late. 

I’m sure some of you have faced similar challenges.Aside from raising rent (which can be tricky depending on the market), what other strategies have you implemented to get back to positive cash flow?

Tax is 5k and insurance would be around 2k.Anything else I need to include?