You can do a tax differed exchange(1031) into a better investment, double down on your equity.If the numbers make sense I would hold on to it.

Not much, but add that to your $604.05 in cash flow and you've almost doubled it.Run the same deal with a $65K house that rents for $1000 a month.

We just double checked on money orders this week, as one tenant's branch told them "no third party money order deposits" but that was incorrect...

Have your cleaning service double check on their way out whether the locks are jammed, a window left ajar, etc. because it sounds like your area is susceptible to vagrants.  

Because, house hacking is comparatively simple and beginner-friendly (and therefore has the highest likelihood of success), but strategies like BRRR'ing, flipping, wholesaling, out of state investing, etc. are far more complicated, and have a far higher chance of failure because they involve so many "moving pieces".I always use this analogy: would you tell a beginner skier who has zero experience to ski a double black diamond (the most advanced terrain) for their first run?

This is a good option if you already have a long term loan that you can just keep until rates improve to avoid double closing costs, believe that rents are likely more stagnant, or just are very intent on having some cash flow or at least breakeven.3.

My mortgage is in the mid 4% range and is about 1600 a month.No don't pay off a 4% loan is free money  inflation is double that..." would you pay off the mortgage and invest the rest in a portfolio, real estate, or IRA (125k).. or leave +/-50k in the bank and invest the rest?

My mentor said that doesn't sound right and sounds like double-dipping.

Do with it as you want:1 - PV = $555k2 - Loan = $355k3 - Equity = $200k4 - CF = $16,620/year5 - Years to CF equal Equity = 12 years (a long time to wait)6 - If sold, equity used as 20% DP = $1M (not the $555k it is now)7 - ...and that's almost twice the current PV, so the CF should also be pretty close to doubling. 

Well, the market shifted so intensely and quickly with rates doubling from January 2022 to October 2022, it didn’t make sense to give up my 3.25% interest rate on the first mortgage in exchange for a primary residence jumbo loan, probably around 7.5%.