You do not appear to want to take any risks in losing this tennat making the 3rd dog a fait du complies.I would only point out that there is something wrong with the info you have received from your tenant.

You also need to know which neighborhoods are “up and coming,” meaning they are going to be increasing in their desirability, and which ones are losing value.

You also need to know which neighborhoods are “up and coming,” meaning they are going to be increasing in their desirability, and which ones are losing value.

This tenant could lose a contract and decide to break their lease. 

It's a psychological thing for most people that once they have a fish on the line (you) they don't want to lose you. 

We would save roughly 3-500 per month by dropping the MIP, but then lose a few years of paying off the mortgage.Thanks in advance for reading and maybe giving some advice!

We would save roughly 3-500 per month by dropping the MIP, but then lose a few years of paying off the mortgage.Thanks in advance for reading and maybe giving some advice!

Having done 75 buy-sell deals 2003 thru 2010 and subsequently losing my entire portfolio 2008 thru 2013, I've been clawing my way back from a position of no cash whatsoever and remain deeply entrenched in the 'turnaround' via being a painting contractor, flipping the odd house here and there, and as an agent with Keller Williams (focused mostly on higher-end mountain properties).

Unless there is significant value appreciation that can be expected when you exit or you can negotiate a lower price, 3% on your money is just not worth the risks.Two ways to lose money in real estate:- Overpay for a crappy property- Overpay for an awesome propertyCheers...

It was my first go and I was afraid to invest big and not do anything but lose.