There are winter weather issues and so many things that come up from not being physically there The numbers someone gives you on a spreadsheet are ideal scenarios.  

The exercise of tracking it regularly helps to keep it top of mind and it also allows me to see how my plans are working compared to my goals and if I need to make adjustments (I agree with @Chris Clothier that you've got a keep a long-term perspective because real estate investing, like life in general, is a marathon not a sprint).Great question, Allan!

Yes you should easily shed a good portion of it but to shed all of it will be a lot harder and needs diet and exercise (not just one)This is evident also by the latest treasury bond sales - other countries are slowing down buying our debt which means rates (especially mortgage rates (will stay higher longer).

Most of these homes are "as is", so if you aren't very familiar with the costs of potential problems that you can't physically see (foundation, septic, etc.), this may not be a good place for you to source. 

When we decide to switch companies (we just did this), we formally evict our "employer" from the building on the same Friday we quit, and the branch remains physically in place with new signage up, new phones, new computers, lease signed with new employer, et cetera, on Monday. 

-Most leasees never exercise so 3 to 5 years from now... you keep the option fee, and had the benefit of rent that was probably above the market rate for your area.The drawback is that you don't get the ~$250k(after selling expenses) to play with. 

In ref to what i was rambling on about in the first post, this cant be just about taxes because it wouldnt make much difference to the city whether or not youre physically residing within your primary residence (and listed STR) if that property functioned in every other way as your primary res.

If you sell an Option, you would not have debt payments, but they may want to exercise the Option right away, so you meed to think about the language you put in it.Example. 

Quote from @Daniel Rabinov: Would love to hear the opinion of anyone on how exactly he would take $1,000,000 cash and utilize it to meet the targets below.Please, if any agents/brokers are replying, don't talk about the market you work in as it's a bias opinion due to the nature of your work.I currently live in Spain, but can oversee projects and physically arrive at a destination if needed but not relocate.Goals:1.

Physical therapists, specialty doctors and administrators often need short stay long term rentals.Remember that you will need to vet each guest and use a regular lease, not a rental agreement for under 30 day stays.