Then, You are taking the Risk that the bottom Support in the Market, Stock or Real Estate, will hold out.

Also, you can't evict your tenant now - you need just cause so unless the association wants to get involved in a legal matter.

I'm looking to do some statistical computing to analyze pricing patterns, demand metrics, bubble risk, etc.Most of the data sets I see out there are either limited in observation or are just downright messy.

I'm not actually an investor myself, but I am directly involved with the industry.

Had you put the same money in a general Dow index fund, you'd be looking at about 80-90% return over the same period, with zero work involved.

If you are in your current position with cash AND have plenty of monthly savings, I'd think that you are in pretty good shape and you are entering the territory where the costs of failure to act may outweigh the risks of not being better capitalized..

@Mark Davis  Each time there is a transaction with a loan involved the lender will require a new, updated title search and a lender's title policy.  

@Dani U. check out some of the online payment options here as some of these can block partial payments:https://www.biggerpockets.com/rei/pay-rent-online-...Let me know if you have any questions since I am involved with the payment industry, as mentioned, so I am obviously biased toward an online option.  

The 2% rule says $2000/month.Also keep in mind that there are costs involved in holding your property that exceed just a loss of value.

We learned about it from a group we got involved with through a local Meetup.com real estate investor club.