Take that money and buy RE in other growing markets, stocks, bonds, index funds, high yield savings, or probably a combination of it all. 

You will likely be in the high 7's or 8's right now but my heloc went up several points in a short time and that could happen again. 

They have huge turnover, replace experts with total know-nothings, lie/ tap dance/ delay delay delay and constantly fail to perform.

Both impressive with their expectations and training of their staff as well as their ability to perform. 

That's kind of hard to stomach, and that in itself could be the cost of another SFH in my area.I also just despise paying high interest in general, so admittedly part of my reason for considering paying down the new mortgage is for peace of mind.

RE is highly cyclical and down markets can be painful for years…especially with leveraged properties.Good luck out there :)

High interest rates and high housing prices don't scream "BUY" to us.  

Hi Ashley,Likely the biggest bottleneck would be the rehab - making sure you have a good contractor that can perform affordably on time with quality.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

and unfortunately, with rates and prices high, it has just gotten very, very tough to cash flow on long term rentals.i browsed a few other threads you started and it sounds like you already own your primary residence and are looking to get started in investing.