Fortunately, in the Chicago suburbs we are finally surpassing pre-crash values. 

The reason you have to refi is perhaps surpassing a number of “owner occupied” loans, in order to qualify for Another one. 

So by that measure we’re in year 6 for stocks and real estate is local but I use $REZ (Real Estate ETF for National Price Data) and that recently just surpassed 2005/2006 highs.

The benefits of appreciation would far surpass any cash flow you get in other markets.

In fact I wouldn’t be surprised if nobody in your area is doing this and I also wouldn’t be surpassed if you score some great deals if you are persistent at this

They can give 30 days' notice if a sale similar to the earlier described is in the works.Tenants can still be evicted for cause; if, for example, they fail to pay rent or deliberately damage the unit.Rent increases limitedLandlords can only raise rents once a year for tenants, and when they do, rent increases are capped at 7 percent plus the yearly change in the consumer price index.The 7-percent plus CPI cap gives property managers wide latitude in raising rents each year, according to a Statesman Journal analysis.For instance, only once in the past decade have average rents for a 2-bedroom, 1-bath apartment built before 1990 in the Salem-Keizer area surpassed the cap adopted under SB 608, housing data shows.Properties built in the past 15 years are exempt from the 7 percent plus CPI limit, as are properties where landlords give reduced rents because of government subsidies or programs.The rules say landlords also have to adhere to the 7 percent plus CPI cap if they evict a resident without cause with 30 days' notice or serve an eviction notice within the first year of occupancy.Basically, landlords aren't allowed to evict tenants without cause and 30 days' notice just so they can raise rents past the limit.Landlords with four or fewer units still have to abide by the rent caps, according to Danny Moran, a spokesman for House Speaker Tina Kotek, D-Portland.The bill isn't just geared toward apartments; single-family rental homes are also affected."

Meaning my current assets will surpass my fixed expenses.

To surpass my current income, strengthen my current retirement portfolio and start to build generational wealth.

And his income surpasses your requirement.Take care of our vets and give them a thumbs up.

If he is not comfortable with this, he is taking on more than he can chew and obviously has surpassed his tolerance for risk.