Downside is vacancies may rise during recession, so underwrite conservatively.

What happens if you get $50 less in rent or interest rates rise 1/4 point or you find a surprise during your rehab that costs you $5k more or the rehab takes months longer than you expected.  

I like the thrill of the hunt for a good deal and the excitement I get when trying to read the market for areas on the rise.

First the due on sale clause (which asset protections sites claim banks seldom opt to enforce, but might they change if interest rates rise?)

My 3 cents worth adjusted for inflation.

Trailers vs, Mobilehomes vs, HUD Manufactured Homes, vs Modular Homes, vs Modular Multi-Story or Mid-rise Developments.To better inform those who might be interested we are going to provide some information in a 3 part series that just may help Real Estate Professionals and prospective buyers and/or investors better understand the difference.

thanks Brie, property is located on the Northside of chicago, Avondale to be specific, the building pays for it self and has good equity but, I do feel the market is a bit inflated... would it make sense to sell it i.e. take the money and run so I can use cash for my next deal or leverage i.e. cash out refi. to buy more properties and hope we don't have another crisis.

When interest rates do rise the note will be worth less, so I was wondering if anyone has pulled this off before?

At this point, rent is still rising, inventory is down, values are going up. 

I've seen apartments (usually high rise, considered more of a luxury home) near US military bases are being rented out to Active Duty military members that are stationed there and they seem to be doing quite well.