Maybe someone that works there or attends there wants to be within walking distance. 

If you hold a property long enough and it is a good one then getting all your money out and ending up paid off is a great thing but for some an asset to leverage.At the end of the day it is all about personal choice.

How long before foreclosure?

Something is not adding up since it has been so long since the last payment.

It sounds as though you are going to self-manage from a distance, which I feel is a big mistake that could cost you a lot more down the road.

This provides me some legal protection as well as tax benefits.It depends on the person, most small time investors should just put in their personal name as long as they qualify for conventional financing. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $200,000

Pair of duplexes purchased with 1031 proceeds from a previous sale with about 75% financing. Rents were...

I plan to start house hacking not too long from now but am currently trying to talk to local investors and talk about there experiences with investing locally.

Even long-term investors will eventually learn that it's easy to buy property, but hard to manage.

Hi all,long time lurker but I've run into a spot of trouble.