@Fabian Santos I am not currently looking for new deals, as I just think the market will soften pretty quickly in a few months. 

@Everest Jordan, I recently listened to an expert panel discussion with James Eng, Dino Pierce, Jonathan Twombly and Jeremy Roll.They had some interesting things to say from a macro point of view.James, Jonathan, and Jeremy were certainly advising caution.For example, James Eng mentioned that he looks at dozens of T12's every day and what he is noticing is that the rents are flat, so at the moment there is no ability to drive rent growth.This tells him that the market is definitely softening.

It seems the market is softening for rentals and hence, rental income. 

4 reasons come to mind (there may be others):1) changing market conditions (equity has gained, rents soften or are reduced by govt or market factors); 2) expansion of govt regulation of LTR’s (i.e. statewide rent control);3) expansion of govt regulation of STR’s (govt makes it more difficult or less profitable to operate); and4) differing goals of partners in a partnership.In any of these instances, prefer not to “sell”, but rather 1031 tax-free exchange to friendlier climes & better growth and cash-flowing opportunities.

New roof, new well/softener, new hvac, new plumbing, new electrical, new paint, new flooring, new drywall, new fixtures.

When lots of landlord infight to keep occupancy the rents in the market can soften.

Additionally, your mortgage principle could disappear if the market softens!

This will require low maintenance as we replaced a lot of appliances including the water softener and water heater this year.

Last year I had a pipe burst when it hit -18 degrees and my furnace ended up quitting. ended up getting some PEX and new water heater and new water softener.  

On the Oregon Coast the mild softening in activity provided clients greater likelihood of transactional success or at least the chance to present an offer.I've had 3-4 recent transactions either close or under contract that might not have otherwise got done if market conditions and buyer demand were that of 8-12 months ago.