The under value as set by the appraisal implies that the investment capital is trapped until appreciation can surpass the negative position by at least 33% of the total value (assuming 75% LTV REFI). 

I go back and forth as the house becomes available again and I grow weary of STR.Tenants are usually folks from the neighborhood renovating, family coming to town for a lengthy visit (baby born), insurance paid renter where they need to rebuild, etc.Not much to it other than, it's a tough road. 

I'm 42 now so hind sight they say is killing me and I really wish I hadn't done that.I was born, raised and live here in Grand Rapids and never lost the passion for this business.

There is a leak in the trap beneath the kitchen sink. 

Hi Brandon, coming from a former CA born-and-bred resident (and where I began my legal career in) I would respectfully provide you with a different perspective.Yes, you can just use an umbrella policy, but keep in mind that most umbrella policies only pay out when the underlying policy on the property has already agreed to cover the claim.

I didn't enter of course, thinking it was a possible lawsuit trap.2) When I did my own repairs, was fixing a small electrical issue on a duplex rented to college girls.

In Memphis, the tenants know all the tricks and traps.

My wife and I both quit our w2 jobs when my daughter was born to go all in with real estate after about 2 years into the business.

I suggested she can use our organic bug spray around her room to see if it helps and also gave her a bug trap.

“The two most important days in your life are the day you are born and the day you find out why.”