Now how far will this fall, or how deep, too many variables but you'll see little mini bubble like formations come first then the air gets let out of the balloon.Your sentiment was right Collin just too, too early. 

But I get the sentiment and understand why people feel the need to do this. 

I, for one, agree wholeheartedly with Jeffrey's sentiment...

if so selling would deliver the proceeds to you tax free.The sentiment of your post feels like you really don't want to rent this property - both because you fixed it up too nice for a tenant and you don't want to deal with it, both very fair feelings.

I'd echo the sentiments to use BP resources and connect with local RE groups.  

The subjects discussed and the questions asked are a good indicator of what market sentiment among the investor community is, especially in a changing  environment.

I understand the underlying sentiment, but such a comparison is foolish and just offered here for shock value.Personally, I don't use them and they are not allowed in my city.  

welcome to bp, your sentiment around leverage is 100% correct, and I'd challenge you to follow your own advice and use that leverage to put as little as possible into the real estate rather than the coveted "pay cash for it" or while one can pay cash, utilizing your w2 to refinance is a unique skill and ability you can have.house hacking in the mid west is where its at for sure.

You know the town better than I do these days - do you feel the same sentiment holds true for student housing i.e. 10% vacancy rates?

I share the same sentiment of skeptism when it comes to finding properties and receiving the ok.