To thrive in real estate investing, you must maintain a firm grip on your finances.

Selling the property, while a difficult decision, may need consideration based on the financial implications of maintaining it under the increased insurance cost.

@James Carlson I'm not even sure if we will see density bring prices down really, but keeping them at a maintainable level long term is definitely a goal and one that I agree with on a personal level.

When the economy tanks and the sponsors compensation is drastically reduced, the sponsor makes the decision to maintain there lifestyle at the investor’s expense. 

Hey Titus, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Inspect regularly, then remove the tenants who can't maintain their units in decent condition.

And I maintain that IRS Publications are not an authority for anything and contain multiple errors.

Continue acquiring properties in promising markets to build your portfolio while keeping an eye on interest rates to potentially refinance your high-interest loan for better cash flow.Save capital to maintain liquidity, allowing you to act quickly when market conditions improve or unexpected expenses arise.

There are many benefits to maintaining a mortgage.

There is obviously growth in Texas, but there is much better money to be spent, with better turnaround, than Texas for a first-timer right now.From Redfin: