The loan from the policy is tax free unless you've MEC'd the policy. 

Free is free, not much of a scam, but what did you really get for free?

That is always a great place to start as you are networking with other locals in the same position as you and can knowledge and resources. 

If you want to learn more about this product option feel free to reach out. 

Feel free to reach out!

Meet interesting people, find interesting deals, renew buildings and neighborhoods, help, develop, and enjoy the journey.Bottom line: I bring to the table new thinking, professionalism, engineering and entrepreneurial vision, professionalism and management skills.I would love to find travel companions, advise, consult, feel free to contact me I wish you to enjoy all the best in the world 💛

Algebra and Geometry books on how they relate to REI.Proper knowledge on ho to analyze marketsThe importance of learning as many different strategies as you can, and then knowledge about those strategies, how, when and where to apply them, and the math behind them.Learning what a REI Plan is, and the difference between a Plan, Financial Goals, and the steps that lead you from where you are to your financial goals.The most important knowledge, is how all of this goes together.Now I've already done all of this, and more, but these are some of the most important things that are lacking out there.

If your goal is to own the property free and clear, then buying it outright can make sense. 

the answer i'm giving is based on the assumption that you do not want to / can not float the negative cashflow any longer. and note: even if appreciation / debt paydown / tax benefits strongly outweighed the negative cashflow, most investors wouldn't want to / couldn't float that. so that said, i say SELL. you have just over a million dollars in equity (minus transactional costs when you sell), and you could do a 1031 exchange into a ~4 million dollar CASHFLOWING property. i invest long distance into value-add multifamily on the west side of chicago. gearing up for my next deal right now. in that price range you could easily get a value-add multifamily with potential to cashflow 15k/mo+++ (up to 40k/mo) once it reaches its full potential. it sounds like you're in markets that are probably strong for appreciation and weak for cashflow (with the long term rental strategy). if cashflow is your goal, 1031 into value-add multifamily in a higher-cashflow area. don't let having to pay commissions during the sale stop you. you're already losing so much annually; you have to stop the bleeding at some point. also note that right now, with the way these two properties are losing money, that might negatively affect your borrowing power when you go to buy the family home. feel free to dm me if i can help in any way!

It was free the first year (or not free since their poor service and my lack of understanding cost me my tenants), but I refuse to pay for them again.