Anyways, I am curious as to whether it would be wiser to either be aggressive and pay off the rental property sooner, which would be about 10 yrs, or look into acquiring another income property sooner than that.

Example "this is an actual property in my market I'm evaluating for a flip"88,000 purchase 3/2 brick SFH mid 80s build20% =17,600 down70400, financed @ 3.5* 15yrs @ 503.28Rehab $18,500 cash, total out of pocket $36,100Sale for 140,000 20% = $28,000 down112,000 owner financed @ 8* 30 yrs @ 821.82 p/monthCash out of pocket at the end of the deal $8100.00cash flow of $318.54 first 15 yrs with zero maintenance only to increase to 821.82 there after.Are my numbers out of line?

. $180 loan balance as of now, 2.75% 15 yr loan, mature in another 7 yrs.

As I'm sure you know a 30 yr. roof lasts ~15-20 yrs.

I have been remodeling and building homes for over 25 yrs and when you find a Home Designer and a Contractor that has a good working relationship, it will save you money and time in the long run.

As for the screening, we are sticking to our plan and making the initial qualifications well known (3x rent for income, 2 yrs of references, no evictions) and if they are interested they will be required to submit a credit and background check, which they pay for via cozy.Truth be told, we already had people call/email but disappear after qualifications are mentioned.  

Amortization periods can vary from 10 yrs to 25 yrs based on your credit and the credit of the tenant.

I have an foreign investor client with $2.5m in a commercial property overseas (Estonia), around 2.8% cap until mortgage payoff in roughly 5 yrs- even then sounds like 5%.

Or.................. get the loan 5 yrs  and build from there .

The last downturn lasted about 2 yrs and came back strong.