I've got a confirmed tenant for 2 years with projected Gross income of 24,000 per year.   

However, my other properties will depreciate for tax purpose, therefore I have paper loss, but I still cashflow on those.

Financial freedom goes beyond simply replacing your current income—it's about sustaining your lifestyle for life.

I'm curious how fellow investors are thinking about this scenario.If mass job displacement occurs:How would rental markets respond when income stability vanishes?

You secure valuable tax benefits that further improve your overall return.Why This Approach Wins Over TimeWith an assumable mortgage, your money is working smarter, not harder.

I wouldn't touch anything outside the urban core. if your strategy is to buy existing and old I'd recommend not to. as a newer investor depending on your liquidity look at build to rent development. building investment properties below market value by 25% and refinancing out of it to do it again. the urban core has tax abatements as well that are 15 years right now you can apply for. that means that taxes will be around $600 to $800 per year. there's cash Flow but the existing inventory market dried up a few years ago in the urban core. local realtors are going to push you to the trash areas like hilltop, south linden, etc because it's the only place numbers work. columbus is great, but remember a tenant who pays $1800 a month is different than a tenant who pays $900 a month. let me know if I can help any other way! 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

No problem if the salary structure is the same, but if there is any sort of commission income involved, and you need that commission income to qualify for the refi then waiting could cause issues. 

Just a few hours of preparation could have saved you many hours of effort, a lot of worry, and thousands in lost income.

The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?