Readers should seek professional advice.

Hiring a lawyer sounds expensive, but it is way cheaper than hiring a amateur (in this case yourself) who costs you money and provides no results (and then you need to hire a professional anyway).My personal philosophy is to "do it right, or do it twice" and its way cheaper to do it right once. 

That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.    

Richmond is a growing market with strong tenant demand from young professionals, families, and college students, depending on the neighborhood.

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am happy to hop on a call to share more of my local expertise and if you're still looking for professional property management, I can talk to you more about that.

Especially if you market your work as a professional and charge accordingly.

Readers should seek professional advice.

Readers should seek professional advice.