Nice job, my 2 cents - a 5 year tenant that treats the place well is worth their weight in gold I would consider all the unknowns with a new tenant or costs and time associated with finding a new tenant and see how close you can get to your desired rental price with your existing tenant.

Any more than that suggests you are "over weighted" and over exposed to specific stock risk. 

I see myself gradually building a portfolio of rental homes and multifamily down the road and doing some flips and wholesaling to generate some extra revenue.I would say that I have a good understanding of the process and I enjoy listening to podcasts to learn even more.

His advice follows what most FA seem to all say: invest for the long-term in stocks and mutual funds and gradually build a solid portfolio of securities .

Let the rentals carry their own weight with their own mortgages.

He says they are not necessary and should be removed to reduce weight.

So the fact that the lender sends a specific approval letter versus a generic letter it carries more weight?

Rents started gradually going up not long after that and I had the good fortune of finding out about a mother-in-law/guest house for LOW LOW rent, so I jumped on it!  

Great tenants are worth there weight in gold.If you want to buy and hold properties, hold them.

I true wholesaler, who actually knows what they are doing, is worth their weight in gold.