It will be a roller coaster ride, especially with a professional tenant. ;) Just stick to your guns on "non-payment of rent" don't bend not one bit and once you start the court proceedings do not accept any partial payment as it will negate any current proceedings and you will have to begin all over again with notice to quit.

Then you wonder with that kind of down payment, maybe it makes more sense to invest in real estate elswhere...Coming from a pure cash-flow investing environment like Japan, with very little to no capital growth (which is fine with me, I prefer high and reliable income), I still struggle to wrap my head around the fact that so many people will bet so much money on virtually unknown speculation moves with little to nil income until realisation can occur (if at all) 3, 7, 10 or 15 years down the track (or not) - particularly after the last few years of financial roller coaster...can anyone explain this rationale to me?

It's a fun roller coaster!

Packed my bags and move to the US lolRoller coaster of emotions at times but just keep that fire burning within and you will be alright.Thanks and all the best :)

Since then, I bought a house and have been focusing on my family and my full-time job, while watching the economy take its roller coaster ride.

You give us west coasters a dose of reality.  

I'm definitely on the roller coaster you speak of.

Im nothing more than an arrogant a-holish east coaster that cracks jokes whenever possible.

I was close to pulling the trigger last fall but was looking for another .75% on the rate and we've been riding that roller coaster since.

Hi John,  Purchasing a home is always an and exciting journey and an emotional roller coaster, specially the last couple of weeks.