In my opinion a similar market which I think will sustain faster growth is Monroe, that may be worth looking into.

(4) Do you have a plan to sustain the negative cash flow (extra money to pay into this complex) until it turns cash-flow positive?

It just wasn't sustainable.

We let it go and her credit with it.So we went from a two income with two mortgages but a sustainable DTI to one income, two mortgage over the limit DTI.

Part of me wants to let them maintain current rents and lock it in for a 6 month agreement just to guarantee income for a while until I sort everything out, but then again, part of me wants to start raising rents to get them where they need to be, but I also would rather not have a ton of turnover right away as I don't have enough other cash flowing properties to help sustain me during that transition.

After doing some research it seems like a more sustainable approach would be to buy a multifamily and rent out units.

My goals for us would be for us to be able to make enough money to be able to live debt free, have him be able to quit his M-F job, and be able to build a house on a beautiful plot of land so I can live my other dream of sustainable gardening.  

Do you think the appreciation is a fluke thing that is not long term sustainable and will eventually revert to the historical mean appreciation rates?

I make good money doing what I do, but its not sustainable, nor do I want it to be...definitely not afraid of work, but pretty tired of 80 hour work weeks!

Hello all,I am looking to purchase my first buy & hold investment property to provide sustained rental income.