My thoughts were:-Purchase at $220,000 with subject-to financing-Pay the $6k to get mortgage current, then take over the existing mortgage/payments-Give seller 2nd lien position and pay them $500/month (100% go to principle balance on 2nd lien)This essentially becomes a break-even (or small loss) situation on monthly cash flow, but I own the property with $0 money down and get the benefits of depreciation.

Bikes break.

Oh yeah, between the huge jump in price & rates, you will probably go from making good cash flow to breaking even at best, and tbh it’s certainly an argument for keeping your current property, I’d probably look at how much I was making in cash flow, how much I was likley to be able to grow cash flow & how much appreciation I thought was likely, than do the same for a replacement property, see what each looked like 10 years out. 

Acquired over $5M in real estate - which includes the path of buying a duplex with my VA loan, a SFH 5 months later with a 1% down loan, a 4-plex with my VA loan 2 years later, built a custom dream home with an AirBnB suite, completed a horribly over budget BRRRR SFR, completed another SFR that went way over budget, sold my quad for a 4-unit office commercial space, sold my 4-plex for a luxury cabin in Oklahoma AND most recently bought a brand new home to use part time while visiting my girlfriend/future wife in Florida.All of this wouldn't have ever happened if my butt didn't get dumped.

I'm currently researching how to effectively navigate this appeal process.A bit more context:The property has a zoning permit dated 1/16/1956, which includes a variance recognizing it as a three-family unit.I do not possess a building permit that explicitly authorizes use as a three-family dwelling.I'm seeking advice tailored to the Philadelphia, PA area, particularly regarding this situation.

For me, it was my way of easing into the rental business and also a way for them to start living on their own.So I get less income than I could AND I lose tax breaks?  

The second portion being anyone who would refinance this and make the loan happen for you is also going to want a total project improvement budget which would include the amount you've spent already as mentioned above and be ready to show receipts and invoices.

I wrote an entire post on that topic that you can read HERE including clips of the language in the note and what to be aware of.

Retirement is still 25 years away.My total monthly expenses (not including maintenance) are $2500.

He posts a lot of videos and backs his opinions up with a lot of good statistics and research-Used to love Meet Kevin's real estate videos - now he's morphed into covering the economy as a whole (which includes politics, stock investing, etc).