Now is not the "best time" to sell for you, but as Jon mentioned, your ROI is around 4% and that is a loser (below inflation).

We're out to amass as much cash as possible in this short window of time before the deflationary phase turns inflationary and money turns to trash (right before the big upswing into inflation we'll turn all our cash into tangible assets).Enjoy the snow.

Each investor must choose a business model he is comfortable with.As for 'management intensive', my college rentals are often worse than my low-income rentals.Regarding appreciation, I recently read a study showing that over the very long term house appreciation rates closely paralleled inflation (sorry, can't cite the study).

Originally posted by Account Closed You should have come to the last East Bay Sunday meetup, it was all about OOS, but the presenter shared that cool litmus test above (where you invest passes with flying colors btw) that kind of guts the standard "turnkey provider" model.Another market not far off, Stockton, same test as above - steady income (rent increases will likely at least track with inflation, if you zoom out to the 10 yr horizon), gradually increasing population (a driver of asset/home appreciation, 10 yr horizon), 2-4 unit properties still affordable.Do it for Oakland and obviously you will see incomes through the roof, population gradually increasing, but sticking point will be the prices present a barrier to entry that not everyone will be able to handle. 

And yea I get that the numbers will be somewhat inflated because they are trying to sell and get the most they can for it.

If you lived in a less inflated market, I'd say you could probably get yourself set up quite nicely with a team and do some BRRRR investing.

Otherwise, if you would only put in $30K, the P&I payments would be calculated based on a $30K loan amount which would inflate your ROI and cashflow.

This property sold for 47k in 2016 so, unless there were repairs done (even taking a profit into consideration) the price is grossly inflated.  

In my observations, a lot of well off people in the area seem to use these investments for tax reductions and not cash flow investments, making the cash flow properties even harder to find as prices are inflated by that demand and they could care less about positive cash flow.If you can boost rents to 1% or more of the purchase price as @Rich O'Neill suggests, you'll find its probably much closer to a worthwhile investment.  

That's a longer story that is of little interest to most investors, as investors are knowledgeable buyers and understand credit.The other thing that increases home prices is simple inflation.