He has approached my realtor for any knowledge she has of other SFRs (none and she is a top producing agent in the County).

As long as you can afford the cash flow scenario comfortably, it would be great to hold for a few more years while the market continues to recover.I see the reasons for keeping as: you have an interesting revolving door of tenants, a Class A property where your quickly paying down your principle, great area of town, and you're young.If you need more income, then you should sell and turn your equity into a better cash producing portfolio.Great start to your investing career!

I'm beginning to look at homes for my first investment property and have a few questions..I've liked 2 of the properties that I've looked at so far.. one is a duplex that could produce about ~1300ish in rental income and costs 120k and the other is a quadplex that could bring in 2300 and costs 154k(rental estimates are if all the units were rented..

Most likely it was family and they would have had to produce some type of identification.

He said this was the best way to produce cash flow.

Theoretically you could structure these types of investments via crowd funding as debt or equity, but most income-producing assets can find relatively inexpensive bank debt so that is more economically for the debt and sponsors look to the "crowd" for the equity piece.

Every now and then though there is an innovator that figures a way to make lemonade out of lemons.For now all I can think of, would be the do it yourself person that wants a low cost, high maintenance rental.

Even if the buyer wanted the 70% of ARV which would be 45k that would produce enough for her and a nice little fee for me.I'll update the post as I get more details.

A dash is one thing, Indian foods too much for me.That's why my lease included producing offensive or dangerous odors that caused reasonable complaints or health concerns. :)

We might clarify that as at the time of origination that could produce a non-compliant loan using the street rate of a Fannie ARM and not the index rate.