The other cities work too, but this one wouldn't require a plane ride.

I asked him if he wanted to go for a bicycle ride.

Let's not forget that you now have a tax shelter and you still have a tenant paying down your mortgage while you can sit back and ride the waves of the market.

I imagine that the length increases by some amount, but I doubt it would be a full year since many tenants feel fine riding out a month-to-month lease until they decide to leave.Do the downsides (forfeit of owner ability to increase rents after the year and potential to get stuck with a trouble tenant constantly calling for minor repairs) compensate for whatever this additional length of stay is?

Then you can either cash out refinance that equity bump to roll into the next deal (BRRRR) or let it ride with added safety and cash flow that you can put away for the next deal.

Anything else and you'll be taken for a ride once your cash is tied up and you are past the point of no-return.

Consider, Cost to turn the unit, cost to advertise, down time, and chance next tenant would be any better than this one.I think your late rent issue a few times is small compared to what you could end up with.M2M and let her ride. do rent increase in Spring so your chance of turn will come at better time for you.

Keep your eyes and ears on high alert w this tenant, I have a feeling your in for a wild ride.

Their whole back end uses flash so they'll need to update their entire system at some point soon and I don't want to tag along for the ride

Hi Mike,I lived in an apartment in Germantown and would ride the Schuylkill trail 9 miles into work every day.