And I know I shouldn't make a choice of what to buy according to where I would live.But I wanted to ask is how long do you think it takes to find renters for the 4 units (all 2 bedroom, 1 bath) and.

He is currently making the choice to not dive into it with you.

If you agree with this, then you can't make a bad choice as to which market (but you can still make bad choices as to which property, what financial terms, which strategy, etc.) and the best thing to do would be to move where you want to live and learn to invest there as a local.

Unless someone else here is a lawyer that has read those specific CC&Rs, I don't think we have a choice but to agree.

If they have stable jobs you can collect/garnish...But it all takes time...So Time or Money...Your choice....

If you only have $10,000 in equity, and it rents at $1,925/month, I'm willing to make a guess that you don't have a choice...your closing costs on the sale are going to eat up that equity and you may have to pay to get out of it.Your mortgage is at a good rate, but that's a tough position to be in.

Of course, you will have underwritten the deal at sufficiently conservative financing rate - like the BoC posted 5-yr, fixed-rate reference - that the business easily throws off cash at the actual financing rate.If you are disciplined enough to apply the "cash-back" directly to the mortgage principal as a pre-payment (some lenders will {strongly} encourage this approach) it is a good thing ... if you use the cash-back on a rental property financing to pay-down the principal on your primary residence (where mortgage interest cannot be deducted as a business expense) you may warrant extra kudos.If you are certain you can re-invest the cash-back and earn a higher {net} return than paying down your mortgage financing {particularly that on your personal residence which is paid with after tax income}, the cash-back can be a good thing.  

We have been pushing for more licensing to remove the one time realtor / managers from screwing up our industry and profession of choice.  

This is a lifestyle choice - do you want to continue managing an asset or want something closer to "mailbox money"?  

Is everyone else making bad investment choices or am I just being too conservative?