It sounds like you're speaking from the perspective of if the Tennant falls on hard times.

Thanks @Lauren Kormylo and @Michael Baum for the different perspectives! 

Appreciate hearing your perspective, always interesting to see how different strategies work in practice!

Hey Dan, I live in California but have got 12-doors in Detroit that have done extremely well both from a cash flow and appreciation perspective. 

Hi Matthew - You can go to CPA early for tax strategy perspective.

Your insights were incredibly helpful and have given me a new perspective on the process.I appreciate the time you took to explain your approach, and I’m excited to apply some of your tips to my own investments.Thanks again for being so generous with your knowledge!

If yes, I can help you from an employment perspective. 

Thank you, this is fantastic perspective/guidance.

From a rate perspective, likely is not close to making sense at the moment, would need rates to drop further, however if value has increased and you are looking for cash-out, that motivation (any lower rate as icing on the cake / secondary concern) it could make sense to look into

From a rental perspective things are definitely taking a bit longer to rent and it's becoming more common to see concessions than 1-3 years ago.