The gap is small enough that I'd try to close it in another way before selling if I were you and think of it as you tenant paying your debt while you wait for the market to rebound further.

When Brexit happened everyone was like HERE IT IS but it quickly rebounded.

However, when I look at the charts on Zillow, Trulia, they say that home prices dropped quite a bit over the last 3 years and are now rebounding.

ITs actually smoked Atlanta for price appreciation both since 2000 and 2008 according to Case-Shiller.http://www.realestatedecoded.com/case-shiller/In addition I was buying brand new homes and duplex's In Fort Myers at court house steps for 20 to 30k and maxx 40k that are all now well over 100k... there are many areas that had greater appreciation than most of Texas.. my point was TExas did not melt down like other markets did.. so the rebound was not as pronounced and that was good for anyone who needed to exit their Texas properties in the rough times.. 

I moved in September 2011 from Houston to Phoenix - a big reason being to sell property I own in houston and redeploy funds in Phoenix, which I think had and has great rebound potential, higher cap rates and better long term prospects.

But in real estate you don't have people rebounding down low.

Originally posted by @Elizabeth Colegrove: So I leverage my money at first into areas that were slower to rebound but a rebound was imminent and areas that I expect growth.

The market has made quite a rebound in the Palm beaches.

They bought these for capital appreciation (generating rental income while waiting for prices to rebound).  

Its a shame that Charlotte is on a real rebound and not a time of the cycle that I want to be jumping in.