This is all indicative of a low interest rate environment. 

I don't know how that business could survive long-term with such low rates.If those numbers are accurate and you can net $38,000 a year, then it's worth holding onto.

It's a low barrier to entry and a good option for you, I would highly and I mean highly recommend you focus on location.

Highs in the 15s and lows will be 0 this week. 

Got into the home with a low down payment , made repairs, rented and refinanced to pay off line and eliminate the PMI.

Positive cash flow and low interest, i assume, long term loan is an enviable position that with time will produce larger cash flow.  

Interest rates will not be low.

.- Tenant submitted a work order for low water pressure in 2 bathrooms- Tenant submitted a work order because the garage door doesn't close all the way and left a 2-3 inch gap at the bottom- Owner initially refused to address either work order- Owner demanding the tenants place furniture pads on each piece of furniture- Owner calling multiple times to speak through the work orders, asking when they've been scheduled, calling a couple days later requesting the invoices- Owner calling because they want to access their storage in the basement so they can remove several pieces of furniture being stored- Owner now emailing requesting multiple property inspections throughout the lease cycle- Owner questioning my experience and relative PM knowledge because I'm not following up with her in a timely manner (the following day after the work order)Keep in mind, this is 2 weeks after the tenants had moved in and the tenants are very happy in the home.This is something we see on a regular basis.

The risk for investors became low enough for them to be really interested in the project.

Keep in mind that this is also a very tough time to be entering the market as an agent because the inventory is so low.