$390 a month for 3-4 months is a lot easier to stomach than $650 for 3-4 months.TL:DR Always stick to 30 year mortgages (if you can) as they offer you the flexibility to pay it over 30 years or quicker if you so desire. 

After learning about REI for years, I'm having a hard time stomaching paying rents to increase someone else's equity.I have decent credit (730), a frugal lifestyle,13K in student loans as my sole liability, and a well-paying job. 

But to each his own, if you think you can stomach the savageness of it all go for it.

I am renting my primary residence because I can't stomach the housing prices here in Southern California.

If you don't have the stomach for that and moving to a cheap place to live is not an option then you just ride it out and make the most of what you can.Strategies in rapidly appreciating markets is to find short term deals where your exposure to the burst is limited.

If you dont have the stomach for it get a part time manager at 10 bucks and hour to so this stuff;) Imagine paying a manager 50 bucks for his labor at 12 an hour andf have the savings of $390 in pocket or 840 if you would have spent that.

You have to be able to do it the hard way from time to time or hire some who can if you dont have the stomach for it.

I'm also going to be raising rents to as close to market as they can stomach.

It can be a heated discussion from time to time (or maybe I have weak stomach) but read them with an open mind.Hope that helps a little and good luck finding the market and provider that best suit your needs.Henry

If I have 100 million I would buy it all LOL , for me if one can stomach negative DSCR this is even better way to go.