After doing a ton of reading on this forum, I see you and several others are extremely skilled in this business, so your opinion carries a lot of weight.

Add in a little luck, and maybe you won't need to evict...OK, you can dream about it anyway...

Dream a little and finish this sentence...I wish one of these REI guru's would just ________Thanks for the feedback.

Be prepared for your dreams to come true!!!

great idea and way to bring it to the forefront -what this site offers is worth it's weight in gold.

It's been a long-time dream of his to own three houses.

Nobody is going to fund your dreams.

We have a realtor that works the area that we live in and he drops off calendars and notepads with a picture of himself, a middle aged, over weight guy with a trumpet in his hands.

Andy Andy1 - Without knowing more details about your situation, goals, and strategy, nobody could possibly tell you if you made a right or wrong decision here.That said, from teh info given, and from a pure cash flow standpoint, your decision was a poor one in that your acquisition cost of $174k and your rent of %1670 monthly amounts to below a 1% purchase price to rent ratio which equates to negative cash flow.The numbers you posted for cash flow are in a dream world where you never have any other expenses other than debt service, taxes, insurance and HOA.

That will be the reality of actual costs in the end and it's more than I'm prepared to handle.I think the more piratical thing for me to do is to get the dream home we're looking for with the equity from the first house.