If the tenant becomes delinquent and stops paying rent, Rhino will insure their full $1,500 SD plus an additional nominal amount to offset the losses incurred by the landlord.

You’re in a solid position with this property, and it’s smart to weigh your options carefully.

In the middle of a lawsuit with a 2nd position lien. 

Smart tech, such as fast Wi-Fi, streaming services, and keyless entry, consistently gets positive feedback, as do luxury bathroom additions like plush towels and rain showers.

Like Devin said, double digit rates and you could still have fees similar to a first position mortgage.

Zach’s tone was very, “this is not an issue on us, it’s your criteria that renders you in this position”.

Not simply building wealth in additional to whatever else they have going on to support them.

I have first hand experience as an investor which has been positive. 

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? 

I think I misunderstand DTI for rental incomes.My DTI goes up with a cashflow positive rental ($2000 expense and $3,500 income).