Hi @Donovan WilliamsYou definitely have the right frame of mind in seeking a mentor - a seasoned local investor can be invaluable in helping you learn the tricks of the trade here.I definitely struggled to find some great mentors myself, however, and I think that my experience could perhaps be of value to you!

Rinse and repeat.2) Sell, collect your gains and pay taxes3) Sell and trade up to bigger and/or better investment. 

Branch of a Foreign Bank or Insurance CompanyInterestDividendsCapital Gains (Income Code 9)RoyaltiesReal Property Income and Natural Resources Royalties (Income Code 13)Pensions, Annuities, Insurance Premiums, and/or Alimony (Income Code 14)Scholarships and Fellowship Grants (Income Code 15)Pay for Personal Services PerformedPay for Independent Personal Services (Income Code 16)Pay for Dependent Personal Services (Income Code 17)Pay for Teaching (Income Code 18)Pay During Studying and Training (Income Code 19)Artists and Athletes (Income Code 20)Real Estate Investment Trust (REIT) and Other Trusts Distributions Subject to IRC section 1445 (Income Codes 24 and 25)Unsevered Growing Crops and Timber Distributions by a Trust Subject to IRC section 1445 (Income Code 26)Publicly Traded Partnership Distributions Subject to IRC section 1446 (Income Code 27)Gambling Winnings (Income Code 28)Notional Principal Contract Income (Income Code 32)Substitute Payment - OtherCapital Gains DistributionsOther Income (Income Code 50)

-Christopher@Christopher Brainard  Why would a profitable property trade at a 26% cap rate? 

Now you have the max rate you 'want' to tolerate and a projected date as to when you might wish to look to trade. 

IE send me 750 dollar fee to process your paper work and you never hear from them again. to my knowledge the only way to get these super low rates is to have a big enough brokerage account full of stocks and bonds that are publically traded pledge 50% of them and get a loan at one over libor..

You may have to trade down on neighborhoods with this approach, but if you know your market, you can make an educated guess.I wrote a long response, Reach out if you have more questions.

The key to keeping tenants on time with the rent is to have consequences.

Still, the other tax consequences come into play.

Perhaps you might consider trading down the car if that is a hindrance.