If that is right what do you see as the main benefits of a GC license?

The 2nd building benefits from a right acquired since its construction.

They are responsible for maintenance and payments, and they come away with a good profit when they decide to sale (after at least 5 years).I know one of the strategies for benefitting your children is to buy a house to be paid off when your kid turns 18 and sell it to pay for college. 

In fact, based on your service, your entitlement is a lifetime benefit that can be used over and over. 

I have a client who has a similar background and could benefit from a conversation with you. 

However, only the fixed ones allow you to benefit from solving the underlying problem.If you have all your residents on a fixed utility bill and then you spend the money to stop the leaks, then you benefit from solving the problem. 

That would leave an option to utilize $26,000.00 in equity based off of the $238K loan.That's not a huge chunk of change but if you can also lower the rate there may be a tangible benefit on top of the cash out.

I'm asking because I'm curious of ways that I can look at the cost/benefit of owning rentals while I do a little reading/research about investing in real estate to get started.

(That was a  nice side benefit we didn't expect)

Curious about corporate leasing and how it can benefit you?