You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

For the investors making money typically they figure out the strategy and location that works BEST for their particular situation and then go all in on that! 

There are quite a few other options that you should consider before walking away, though.It sounds like maybe a fix-and-flip loan would be a viable option for you.

Mario - Taking a "paper loss" because of depreciation is typical from my perspective.

Or Roseburg area is an option. 

You need to know what is typical for that sort of asset in your market.

What options are there to make this work?

@Terri B. it's typically overkill to try to protect an asset by leveraging it this way. 

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option  based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000    vs    NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?