Already reach you portfolio goals: I will consider paying down principal to reduce risk and not lose all I’ve worked for, in case there is a dramatic shift in market conditions. 3.

After that purchase, I thought to buy OOS but I have seen many of @Dan Heuschele's posts over the past few months and my strategy has shifted slightly.

Imagine coming off a 12-14 hr night shift in the ICU and your tenant emails/texts complaining about a broken toilet paper holder...or how they locked themselves out of the house.I think the two greatest skillsets I could have benefitted from but never got around to are sales, and software/coding.

Value adds are increase rents, convert owner utilized sheds to tenant rentable space, decrease property taxes, shift some utilities to tenants, late fees, application fees.I agree with your statement about paying themselves more if they wanted too.

Joe Splitrock, appreciate your first-hand experience because I was thinking it would be an enormous hassle to vacate this building and shift operations elsewhere.

In the end it's worth being the only one on the team that doesn't go out for $50 worth of drinks or tips on comped ones after shift.

Thank you for the value and the inspiration to stop being a student and shift into being an entrepreneur.  

if your plan is to get rid of him, tell owner you want unit vacant by closing. this shifts the risk from you onto him, since a holdover tenant has to be evicted and if this tenant refuses to leave the eviction is on current owners dime.

Am now shifting over to the vacation rental side as an option.

Major economic shift in a city would cause rents to go down.