Then we tapped a HELOC and began going nuts buying Detroit rentals.We did that for 2.5 years, spent another year paying down the HELOC and then... we moved back to California (Central Coast this time).So here are my thoughts...1) You may find that you do not like North Carolina and wish to move back.

For me in my area I would take the true NOI minus $250 a door (cash flow) and if the remainder covers the mortgage nut it would get additional due diligence

@Josh Sexton In 2005 the market was nuts.

I don't see huge upsides as there is only a few years left in the up swing and after transaction costs, it's not that fruitful to buy now and hold for another 5 years or so.Also, I'm in earthquake country and insurance is a gamble at best as they may deny a claim.

Had some numb nuts try to deny me entry for a tour of a new tenant after they gave notice.

Yeah, it's completely nuts to limit STR in Chelan. 

Regardless of the feedback you receive, you will have to make the final decision and you will have to bear the fruits of your choice, I would say go with your intuition based on the information you have at hand.  

The urban areas of the world are where people go nuts, simply because there are more people and people are nuts sometimes - it's a numbers and close encounters thing.

They would not replace it until the last fellow wrote up an itemized list of each part, including (he said) nuts, bolts, washers, and the prices, to make them understand repair was more costly than replacing.

Right behind the handle is what's called the "packing nut".