Also, keep in mind that as the value of your property increases, your tax bill will increase as well.4.

Hi Cayson,We have healthy amount of inventory here in Lubbock, I wouldn't say that there's a housing shortgage at all, in fact we have 3 1/2 months worth of inventory on the market at the moment. 

Of course you could put it a guaranteed bank cd and make over $300k so make sure the juice is worth the squeeze.

Surely the righ hike in rent will either make it worth your time to deal with the tenant or force them to reconsider moving! 

About that $55k option to redo the foundation, I know it sucks to even think about shelling out that much, but if it saves you from future problems, it might be worth considering.

This was our first property, and unfortunately when we bought this property we were unaware that our mortgage statement would be subject to change as much as it did ($1200 increase) due to property value and negative escrow, now leaving this property well in the red month to month.

@Kiley Boss definitely worth not missing out on opportunities.

Increased rent Lessons learned?

Tourism has definitely increased due to exposure from outlets like Nat Geo because of the manatees.

I did it, and probably increase the value of my holding 2.5x, or even 3x, but it was a long 7 year process and at times very touch and go.