The vast majority of the country in-between the coasts is still very reasonable and sane.Again, I would like to emphasize that it is VERY DIFFICULT to make money with rentals long distance.Good Luck,

I emphasize the importance of having a team that you can trust here in Indy.

It would take someone all of 30 seconds to find that out.For my other rentals, I emphasize that we live locally and take pride in keeping our properties in great condition. 

@Carmelo Lopez Great topic, everyone loves to speculate especially about something they are worried about.I'm late to the party, but just to emphasize a few points I loved from others...

One thing they emphasize is that  the people who had the balls to publicly complain where ostracized by other owners because they would adversely affect resale value if everyone knew what a disaster they were.So when an investor in NYC says, "move along, nothing to see here... everything is back to normal..."

Public health experts have also emphasized that the potential benefit of wearing a face covering is not for your own protection but to safeguard others around you.

After refi....you'd have $534k equity in $2,136,000 of real estate....and your $200k cash back in hand.....then repeat for cycle 3,4,5....Other posts have emphasized the leverage is helping you grow faster, and there are taxable income differences if you have deductible loan interest.Now, what if your local market experiences a few percent of appreciation per year?

if you listen to recent BP podcasts, David Greene has really started to emphasize this.

When I was a bunch younger I went to college, not that is mandatory, and I got a business degree that emphasized real estate.  

Still have it, and one important lesson that may not be emphasized enough in this thread is a great property manager will make or break you, especially with an out-of-state rental.