Lending has been much tighter, building supply much slower (although speeding up past few years) and the market has a different kind of demand (as well as effective purchasing power of that demand).

The payments on the loan must still be made, but the income from the investment may have declined (vacancies, lower rents from a slower economy, and so forth).

It will also make the Reno go slower since you’ll need to keep a place to sleep, a working bathroom, etc. easier when you can just gut and rehab.

I ended up finding a few medical students looking to room together as opposed to paying more and living separately in an apartment next to some railroad tracks.So far so good, contractors are a point of contention with me though. 

My wife was recently diagnosed with an electrical issue with her heart and the new medication has made her far more susceptible to several allergens.

The only reason I'd even remotely consider doing that is if you have an immediate emergency and are in desperate need for the cash- maybe a medical emergency would qualify, but even then, I probably wouldn't do it.

With a good deal (ideally it falls in the 1% rule and meets all the metrics you need in order to cash flow) it is usually slower but still a perfectly good strategy.In my mind there are two good directions.

It's flexible, meaning that I can use it if I need to for a qualifying reason (home purchase, medical, back taxes, etc).I love it. 

I've been through this with foreign medical graduates and the ECFMG.

He told me with my 30 years of experience I was looking at $30 to $35 an hour , 2 weeks paid vacation , 401K and medical .