Your next primary sounds even worse from a cash flow perspective, but I understand there's more to life than cash flow.From a net worth (longer term perspective), holding on to your practically free 1st house while you continue to build equity, enjoy a low maintenance rental, sounds like a safe way to be a first time landlord.

There is another report, the National Apartment Report,produced by Marcus & Millichap that gives their opinion/perspective on the market.

That's the great thing about BP..With an open mind, you can consider other options and use "out of the box" thinking....Lots of insight and different perspectives..I talked to a BP investor in AR this week and exchanged ideas...

And either find a cheap apartment or get into a duplex asap after finding a tenant for the house.Im thinking that I should sell the house so that I can start over fresh inside a duplex.

@Bryan L. and @Patrick Tutwiler, Thank you for providing your perspective.

From a business perspective, if we were to offer incentives for renewal, that would mea n we’d have to increase the rental amount by even more to recuperate that lost income.

Same issues, different perspective and it's now your money that they tenants are spending.Doing all this in NYC is even more difficult.

., it will be completely meaningless from an organic search perspective.

@Jon Klaus, I chose to become a broker because I wanted to learn real estate from the perspective of working with customers and with the hope that I could somewhat combine the two, investing and brokering.

@Scott Swink Well buy and large from a lenders perspective..