@Christopher Blanco  It sounds like you really have a great balance.

I would have to balance chasing that 3.5% spread against the possibility that some of those notes I call due go to foreclosure.

Does it mean that you have to finance through a bank or other resources for the balance of required funding?

I live about 1 hour from each property, so I will be using a more local management company, but with checks and balances to go through me (I want to see a prospective tenant's information; I also want to see repair estimates before any work is done).Both buildings have had some remodeling done to them.  

He is willing to take the risk of losing a little market upside with locking into a tangible asset he owns.I tended to be fairly consistent in annually looking at my portfolio and seeing what had performed, what had not, and re-balancing as needed (based on traditional pie chart models of diversification).  

If they run their own in-house property management company the costs might balance out to 7% of gross rents when you have to use a 3rd party vendor at 10% of gross rents.  

I could pay it all off, make above minimum payments for all, or transfer the balance of this last card to 0%.

Because if you leave your current employer or fired the balance will be due immediately on that loan.

As the property owner you get the benefit of the upside, but also the downside.Since you are selling the property it is really more appropriate that you pursue the balance owed as the owner of the property.  

@Andrew Johnson What would you consider to be a good balance between cash-flow and appreciation?