I get MLS updates for my target neighborhoods and there's barely anything to look at right now, let alone priced attractively.

The purchase price is so minimal that interest rates, etc, barely put a dent in the pocket so I'm comfortable financing while using most of any potential rental income to just put back towards the mortgage to have it paid off in a much shorter period.

Now the tenants are moving and it's decision time:1) rent it out again at a slightly higher rate to improve the cash flow (right now it is in the red every month because I have a 15-year mortgage on it),2) refinance it to a 30-year to lower the monthly expenses (still will just barely break even)3) sell it and use any cash for an investment with a better cash flow.Comments?

And you might want to print out what you have written to them in hot pink or yellow to catch their attention.Hope this helps!

It barely breaks even.

Not all plans are created equal - some will barely cover anything if you ever run into trouble - others have really high deductibles.

Another gold star.Now, my goals for April:Get 3 more units rented (I only have 4 vacant now).Paint at least three exterior walls of the pink elephant (my new pink apartment building).

Same thing for fire restorations, gut things out to bare studs and spray it all.

How to do electric:Make sure power is off-buy and use the testerBlack to BlackWhite to WhiteBare wire to Bare wire (ground to ground)Make sure the switch is on the black-that way as long as the switch is turned off, the circuit is dead and you can work without going to the basement and turning the breakers off and on Honestly, knowing that will get you through most electrical jobs in a houseTom: you didn't hear this from me, but if you run a small length of wire from the neutral (white) to where the ground is, when they plug in the tester it will show that the outlet is grounded, even with only 2 wires-not that I've ever done this ;-) It's not going to be to code but:1 nobody will ever check if the tester lights up correctly2 if you take a look at the breaker box, the neutrals (whites) and grounds end up at the same place anyway.3 the previous owners must have done it because it tested fine for me when I bought the place

Sheets stuff was barely relevant 20 years ago when he retired from investing to peddle his course.