The savings both economically and in time from that commute will be worth breaking even or a short term loss by selling the house.Sorry to hear about your daughter, best of luck to you!

What I see that is different in this economic cycle compare to the last is that people are able to work despite not having an employer.  

When evaluating the markets you are considering, look at their economic growth projections.

@Matt Fore Yes it does have to be capital gain although there is some language that just references "gains" so we are waiting on additional guidance as to whether ordinary gains would qualify.I think the reason capital gains need to be invested into the funds instead of straight cash is that by recognizing a capital gain you are selling something which promotes economic activity (selling stocks, businesses, real estate, etc.)

Upper (and lower) South Providence has had some economic redevelopment type money for specific properties over the past decade, but I don't necessarily feel it's improved the neighborhood as a whole.South Providence is a closer to downtown, but Silver Lake is closer to the west end which is also nicer so I think they're about the same, if anything Silver Lake is slightly better since downtown/downcity isn't really residential.

That way if the market tanks at any point I will sleep like a baby and the cash register will still be ringing.I think I mentioned before Las Vegas may not look as good on paper for returns as some of those other areas, but I don't look at just the return I look at the entire picture which includes the property itself, the location, the potential tenant base, the management, the city economics (demographics, growth, taxes, COL, etc), and even the city itself would I live there, the distance from me, etc. 

Definitely a balance between the economics and soft skills.

A "rich" investor is not likely to have wasted the $100k they borrowed against their 100 yo investment property, and they likely won't be concerned at all about the vagaries of the economic cycle which could technically place them "underwater" for that property, because, they will have a large portfolio of diversified properties, and will only be leveraged at around 75% of their current book value, which means that the economy would need to to take a really steep dive for their $135k property to become only worth $50k.

Economic Vacancy is usually much higher than the standard 5% physical vacancy assumption.Good Luck!

Low life’s can be in any economic sector it seems.