I just denied an applicant during the first step of my application process.

I am trying to decide on my next course of action. I currently have one mobile home I am renting on one acre of land and a additional acre of land with nothing on it, but the septic tank in the ground and its righ...

. @4000 shares being adequate protection, that ITB will move in step with your r/e market, that you don't cover the options early, that July strikes are best way to go (Jan. 2015 might be better), etc.

What steps would you recommend for evaluating the market for long term rentals?

My first step is to stop paying rent and getting nothing in return.

You've taken an important step.

Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books Ever How to Rent Your House: The Definitive Step by Step GuideFinally -be sure to setup some keyword alerts - especially for "Dayton" so you can jump into local conversations.See you around the forums!

It was a tough decision,as it is often more difficult for me to say "no" than "let's do it and make it work" so I saw this as a great growth step for me as an investor.

I have an umbrella policy and with financed property, I may not be as worried as I should be about taking the next step.

@PaulTimmins and @ElMooro #greatwelcome and good first steps guidance, thanks for taking the time.