This can also bolster your case if the tenants continue to act in bad faith.

However, if single-family homes prove financially viable, I’m happy to continue building in that niche.Since these homes and projects are significantly cheaper than my market, the risk is relatively lower for me and can do at least two at a time.The ChallengeOne of the biggest hurdles is finding reliable contractors and subcontractors in the area.

Daniel,Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

.- I am aware of my 1031 options should I want to sell and defer taxes beyond that 3-year date (and would need to continue to do so until death if I wanted to avoid those taxes instead of just defer them). - I believe the current rental situation I have is better than the property warrants.

If the process is smooth and they are managing well, continue transferring units until the transition is complete.

With increased competition, renters are opting for homes that offer better value, updated features, and overall appeal.Final ThoughtsThis market shift is a wake-up call for investors and property owners in Charlotte.

Dave Ramsey of course believes in having zero debt, but the money you are borrowing was fairly cheap so why not continue to leverage it?

-Perhaps the cash flow "lining your pockets" continues for a few years.

This also probably ensures that they will continue to depreciate against the US dollar over time. 

I’m hoping that once I do have enough saved I can buy the second property and continue house hacking.