That little piece of paper saved him a fortune in legal fees and stress.Gather Hard Evidence: You’ve already got a strong start with appraisals showing the property as a four-unit.

I was fortunate enough to live in Detroit for several years, so I was able to establish a network before moving back to California.

Today we are economically diverse and showing job growth in several sectors.Having said that, I am not an economist (or a fortune teller) so these are just my thoughts after having gone through the Great Recession and knowing how housing-dependent we were then.Melanie

Fortunately, I was thinning my herd back in I think 2014 or so by getting rid of a few (experimental) investments in cheaper neighborhoods.

Now that we are looking into the next property, we are trying to figure out the best way to handle the financing of it.We don't want to do the HELOC again - it worked the first time, but things have changed and - realistically- we were pretty fortunate that it worked as well as it did the first time.The cabin is was purchased at $230K and it's probably worth around $285K now.

Real Estate investing can make you a fortune  but lot of people get into it and don't do so well. 

This increased demand is in areas that all ready have limited supply.Since the rates started to rise, my appreciation forecast has been conservative (as I have indicated in numerous posts) for my San Diego market (I have been underwriting at zero appreciation near term) and fortunately for me the market out performed my forecast.  

You are fortunate to be able to do a reverse exchange.

Fortunately, they should and usually do have local contractors in the area that they turn to for maintenance. 

@Don Konipol  Don talk about a book on this subject by I think its Jimmy Napier which was written years ago But Don says its the bible I personally have not read it As I got my education working for a HML in Oakland CA and got on the job training as it where .He was a legend and I was very fortunate to find my way to his company and then eventually end up running it.