If you compare long-term gold miner indexes to the price of gold (GLD vs GDX) you will see that they only loosely correlate.

Seems this should suck my equity for the next year if the index stays at 7%.Am I missing something in my math?

OR pay down the mortgages and get a portfolio based line of credit, secured by the equity in the rentals - that way you can reduce the risk, lower the loans and at the same time be able to pull that money out repeatedly and put it to work for you with BRRRR.To figure out what is better to do (pay down (which) loan or invest) look into Garrett Gunderson's “Cash Flow Index” (CFI) of a loan.

We've visited 44 states so far and hoping to add Alaska to our list next summer.We're in our forties and so far invested only in the stock market, mostly via index funds.

There are secondary lending markets (see topic in the Forum Index) where you might find other options.

He's not really well known, but you may have heard about the Case Shiller Index?

. -- Taxes: $900/year -- Insurance: $300/year -- Vacancy Rate: 0% (It's already rented upon purchase) -- Money put into it: $0 (Upon inspection there is nothing for us to do).Here are the results from my analysis spreadsheet: Cash on Cash Return: 170.15%Debt Coverage Ratio: 2.378Vacancy Breakeven: 44.43%Operating Expense Ratio: 23.33%BreakEven Ratio: 55.57%Capitalization Rate: 18.65%Gross Rent Multiplier: 4.111Net Income Multiplier: 5.362LTV Ratio: 95.00%Monthly Rent to Value %: 2.03%Cash Flow: $331.20/month - The amazing thing about this number is it's WITH a property manager taking 10%. 5-year IRR (using 2% appreciation): 175% 10-year IRR (using 2% appreciation): 172%Present Value: $11,678Net Present Value: $9,328Profitability Index: 4.97Before anyone starts to say how a price this low isn't somewhere they want to be, listen to this. 

Case shiller is accepted as the most accurate index out there.

IMHO, we are already seeing significant inflation increases (see yesterday's news on the producer price index.)

Real estate market strong over the next six months, thanks to 30-year fixed rates that remain below 4 percent, continued job growth, and recent measures that have made credit more accessible and cheaper.Across all property types (single family, townhomes, and condos), the number of Realtors indicating that their market was "strong" outnumbered those who viewed the market as "weak," according to the April 2015 Realtors Confidence Index Survey, which is based on responses from more than 1,000 Realtors about their latest transactions.With stronger buyer demand and tight supplies, homes continue to sell relatively quickly – typically within 39 days in April – according to the survey.Those surveyed expect prices to increase at a faster pace in the next 12 months, with the median expected price growth nationwide to be 3.9 percent (up from 3.5 percent expectation in March's survey).Realtors in Colorado were the most upbeat about price increases.