In the second you have two tenants with 3600/mo rents and lower costs, if one moves you still have 50% revenue coming in diversified across two properties.

I can also allow a tenant to grow with me - just moved a family from a two bedroom to a three bedroom apartment.Personally the only reasons I would choose to invest in multiple markets is a) because I wanted an excuse to go somewhere regularly or b) for economic/geographic diversity.I had the advantage that my home market was good.

From my experience tenants like this need to move on, IE move out.

However the owners retired and her team left when she sold the businesses.

As a PM, his team would be familiar with areas and could help underwrite the property and take care of the day to day headaches. 

Moving to one of them involves some paperwork & hassle.

I always like seeing this report each year. Tennessee holding steady at #5

Write it up to an education, spend some time sharpening your support team (particularly in the trades) and start thinking about how you can do it again!

Quote from @Emily Gowen: I only recommend investors sell when they can move the money to a better-performing investment or when the sale moves them closer to a specific goal.

Hey guys, I’m newer around the Conroe area and I’m looking to connect with fellow real estate individuals, Contractors, investors, etc.I’ve been an electrician for 10 years mostly in the commercial space, I’ve doubled in general contracting and project management in Utah, but have moved down here in search of better opportunities.