Great it should show well with updates.All five comp numbers adding = 390,600/5=78,120 avg price  sqft 8,176/5=1,632 avg sqft Now 78,120 avg price /1632 sqft =47.86 avg sqftSo your house is 1803 sqft x 47.86= 86,291.58 (bigger home than listing comps) Hmmm:)Dont get happy just yet, you want this to sell fast for less to limit carrying cost.Now if you want this to move quickly reduce it by 20% to 69,032, and this should move fast.

I am selling due the fact we have many other investments and want to reduce debt while we are in our younger years and have an abundance of "long term" income. 

It's a great way to reduce vacancy, attract excellent tenants and charge high rents, atleast in our area.

I did I got the offer reduced another 2k so now it is 45k instead of 47 and i accepted because it still is an awesome deal no matter what. 1400 rent potential for 45k just taxes are 3200 but regardless was a great deal for first time buyer.

The goal would be to reach a point where the course was completely self-sustaining and the annual membership dues eventually could be drastically reduced...perhaps even to zero !

Totally normal.Here's the thing....Higher cap rate deals are typically perceived as being high risk, which means that when you invest in a high risk deal, you want your money to come back to you faster to reduce your exposure, right?

Refinance in 5-10 years to reduce mort payment, increase/add cash flow and pull line or credit to purchase property.

It may be agreed that the fee for property 1 (in you example) could be 50K or really at an amount that the lender is comfortable with in keeping the remaining loan balance in place with property 2 as security.A lender will generally not increase their risk or exposure by releasing collateral, the idea is to reduce the initial risk level from that originally made.In your example, the loan of 100K is at 50% LTV using both properties.

Hi @CK@CK Hwang undefined,I wrote a blog post about the idea you are asking - when to get out or reduce leverage relative to the economic/real estate cycle..

This one provision put the owner on the hook for millions of dollars in costs and greatly reduced the value of the property for resale he thought he was getting.My loan guy wasn't involved with that this buyer had just called him looking to do something with his existing loan.