Don't lose sight of the long term game... and once you are financially ready, do not fall into analysis paralysis!

If the population is declining and there is no sight of any major economic development in sight for the area then you may want to consider cashing out.

Applicability of the tax or legal principles discussed in this material may differ substantially in individual situations.

However I am also a person that has taken the principle of low to no debt lifestyle to heart.

It's another good example of how even in crazy markets like Denver, Colorado Springs and elsewhere, if you get creative, you can offset your mortgage or even live for free with a good house hack.Here are the numbers, the story and some pictures at the bottom.The numbers (big picture)Purchase price: $376,000 w/ a 10% down payment and about $7200 in closing costs.All-in monthly payment: $2144 That's $1,844 for the mortgage payment (principle, interest, taxes and insurance); and around $300 for gas, electric, water, trash and internetRents:They rented it different ways over the last year.STR/Airbnb: $2,360Medium-term furnished, rent-by-the-room: $1,550 ($750 for one room; $800 for the bigger bedroom.)Cash flow: between -$594 and +$216.

Prices have peaked in WM and still no end in sight. 

He said he wanted to go into a cave and hide so they could not find him to exercise them and buy him out because "if you can get 10% a year on my investment I never want the principle back" .  

We've had plenty of tenants move out over the principle of a rent increase, especially if what they are currently paying is within market parameters. 

forget 1%, COC and cap rates here... focus on principal reduction, appreciation (very high) and squeeze out some minimal cash flow where you can1% rule (gcf or ncf), COC and cap rates are only accurate when looking at historical data so I am not a fan of using those for long term investment planningEquity/appreciation stacking/principle reduction always outperforms GCF long term

The best of course is looking for it yourself, but I just closed on two properties sight unseen with a trusted real estate agent in the Cleveland area, so knowing a reputable realtor is important.