When we first moved out in October my mind set was we will probably move back.

I don't believe we will see 2-4 again any time soon, so with 5-7 being more likely, you could do a reduced leverage cash out, reducing your active rate but giving yourself some capital to hopefully purchase some new cash flowing properties with reduced rates that wouldn't have been possible before.

Also keep in mind that housing authorities are always in demand of larger units.  3-4-5 bedrooms are always on their list of needs and they will pay over FMRs for these in many areas.  

I'll keep all this in mind, much appreciated!

Quote from @Peyton LaBarbera: So correct me if I am wrong but doesn't an increase in rents decrease the cap rate since the property is more stable with a wider spread between gross income and the operating expensesOhhh wait never mind I get it now... the increase in NOI makes the cap rate rise since the rate of return is higher. 

The toughest thing in my mind, is people want A+ contractors for C- prices. 

It would also be helpful to have a strategy in mind when looking for lenders so you get in touch with the right people-- a hard money lender is great for flips, but not for a primary residence, for example.

Most umbrella policies explicitly refuse to cover business activities, whether in your own name or in a corporate form.

Hi Kevin,Unless you have an imminent opportunity to invest and want to take a really active approach to real estate, it sounds like a good bet to hold for now.

Interacting with the community can offer helpful advice and encouragement.Keep in mind that investing in real estate is a journey, and every step advances your knowledge of the market.