I have a child going on 2 years old and feel like I am missing out on a lot of moments due to working in my current profession.

Old buildings are being torn down and replaced with new ones.If you buy in PR check out the location nearest the airport specifically Isla Verde. 

The old mortgage is irrelevant. 

Or is this the old "define sale" argument about transfers vs. sales?

I know this thread is old but we hold a MeetUp in Davidson at Sabi Asian Bistro the third Wednesday of each month starting at 6:30. 

Conversely if for any reason the price the market is willing to pay for an apartment goes down yet an old lease is charging more, then this is called a gain to lease.Typically, in multifamily, gains to lease are rare because leases are usually 12 months or less.

Hello BP and BP members,To make this short & simple, I am a new member, 24 years old, and hoping to jump into REI this year!

The idea here was to maintain our cash situation (we have two kids, maybe another on the way soon, and a 170 year old house) and yet enter the rental market in good position.

Although I recently bought a house so my credit isn't TERRIBLE or anything - I have a high debt utilization on my credit cards and a seven year old BK that keeps my score in the low 600s - not exactly awesome.   

Seems the South Florida market is too high now that it makes sense to buy a lot and build, instead of buying an old house and rehab,  I have seen a couple of lots at a good price in an up and coming location.