Unless the area is appreciating rapidly or rents are increasing rapidly, I’d offload the property.

From what I've seen, Burleson is growing rapidly.

The pace of inflation has surged (after years of languishing at unusually low levels), largely due to the rapid reopening of our economy.

Same goes for rapidly growing cities and areas of the country.

Since there is a shortage of inventory to buy, people had to rent, which drove up the those rates significantly.As a Phoenix native, I am excited about the boom to our economy and rapid growth. 

The banks are allot more strict now and there is no easy money to just take on leverage rapidly without cash or assets to finance it.

BRRRR is the most efficient way to start/grow a small portfolio, but impatience expressed financially is debt, so you can't be shy about racking up mortgages.Once you get going with BRRRR you will get to a point fairly rapidly where your personal income streams that exist now could not cover your debt service payments for your investment properties and how far past that point you are willing to go will determine your growth potential.

Wondering what others think about investing in Rapid City now (2021) re: economic development and future appreciation.

@Matt Magill there are definitely deals to be found in AZ still but it definitely depends on what you’re looking for in an investment (Appreciation or Cash-Flow) You might want to look at some cities in the AZ area that are growing rapidly like Queen Creek, San Tan Valley and Gilbert.

Our firm is a big proponent of software for investors that are scaling rapidly, but for a househack of one property (even a 4plex), I would recommend a spreadsheet.