In my real life example, I was able to justify paying $125-$150 per month as opposed to doing what everyone else in my life is doing, which is going into massive debt with the expectation of no return.

Run an ad with photos of the existing interior and exterior, along with your asking price saying "will be available on xxx date."

However it was suggested we could use the room as a master bath since it shares a wall with the master bedroom and already has the water pipes in the walls.The exterior of the house is a little shabby but not the ugliest house on the block.

It also helps with the property’s appreciation over time.There are many different ways to add value, from exterior improvements like landscaping and painting, to complete unit upgrades like new kitchens and baths.

Further, the public was only provided 2 hours notice before this proposal was voted on in Committee.To learn more before responding, check out CAR's blog post on the topic here: https://chicagorealtor.com/take-action-oppose-the-proposed-amendments-to-rlto/To respond to the Call For Action (1-minute) click here: https://www.votervoice.net/ILRealtors/campaigns/74776/respond.Thanks for your support!

I am not opposed to keeping the tenant, but I want to make sure I do my due diligence.

If you don't mind me asking, what did you like most about using private money as opposed to other methods of financing?

At that point, I'd probably want the cheaper loan (which I believe would probably end up being the one you have now).I will say that I'm completely opposed to paying off a loan early (unless it's at such a high interest rate that you can't find an investment to compete. 

Exterior: new roof, landscaping, and paint.

Exterior: new paint, gutters.