I'm in the suburbs and not far from city life.If you don't have income, I'd consider rolling some of that over to Roth accounts or I'd consider opening your own business to create a solo 401k for investing.If you have questions about this area feel free to ask myself, @Dawn Anastasi @Brie Schmidt or some others in this area.

He also put a new dishwasher in to make it easier on himself.

He also put a new dishwasher in to make it easier on himself.

@J Cobb what are the monthly expenses(insurance, prop taxes, HOA dues etc...)agree with @Dawn Anastasi - we need more info

Better tenants are older people who have had enough time in this world to learn how to operate complicated technology like vacuums, dishwashers, and the like ;)

@Dawn Brenengen That sounds great!

at $50 a month, it's not worth it because if JUST the dishwasher goes, that's 6 months worth of profit.you should try to bring expenses down and raise rent (by whatever means) to get a higher cashflow.unless it appreciates, of course. then i'd keep it even if i lose $50 per month.hope i helped!

@Dawn Brenengen ...$3600 a year seems reasonable, but I'm frugal too.. 

Originally posted by @Dawn Brenengen:All of my tenants know I'm the owner, and it's never been an issue before.  

@Dawn Anastasi @Chris Clothier @Ed Lee @Ben Leybovich @Sharad M.