You are LOSING money because you didn't even raise rents to cover those increases!

And could even get a second home loan if doing traditional financing.

.: Quote from @Tom Gimer: You can't take an element from state X such as "uniqueness" and try to apply it in state Y where that appears not to even be part of the analysis.Let's see how this turns out. 

I'm working on getting my bigger pockets pro account finalized even though I've been a member for about 1.5 years.

And guess what, if your using a proxy thinking that will protect from disclosure as an agent, nope, it doesn't, you have to disclose it even then. 

Some banks and lenders will cut you off at 6-7 even if your DTI is below the normal percentage.

I predict Albany Park turns into the next Lincoln Square and gets even pricier.

It is quite rural and it is much easier to get a permit for these sorts of things if you even need one.

Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.Is your wife quitting too? 

We are seeing people move from higher cost of living areas like Raleigh, Durham, chapel hill, and even Greensboro.