🏠👍Alot of people would disagree with you, but I am in the minority and personally follow this philosophy with my residential rentals because it hardens them against a severe recession and the risk of losing the property if and when rents fall too low to support a mortgage.And my father in law is essentially retired and did so after paying off all his rental mortgages to own them free and clear.

@Nathan Harden, maybe give some examples from this laundry list they sent.

You'll need to comply with buyers insurance and defensible fire hardening if there's a lender.

Quote from @Nathan Harden: Welcome, Aaron!

Quote from @Nathan Harden: Welcome, Eric!

Quote from @Nathan Harden: Okay, so if you're Househacking, why would you need a Property Manager....?

Quote from @Nathan Harden: There are plenty of agents on here, man.

Quote from @Nathan Harden: I use HELOCS for my downpayments.

Unfortunately, factors like a hardening property market, inflation, labor shortages, increased building costs, and an increase in claims frequency and severity have caused our carriers to require increases to both rates and coverage amount minimums to keep up with these market conditions.

So for example I'm very conservative and don't want any debt on them because I feel this hardens them in case of a severe recession.