I work on Wall St and can you tell you that there are numerous bear-players who are waiting for the drop, but you'll also miss out on a lot of opportunities.

You probably don't need it, but it always bears reposting in a thread with so much alphabet soup being tossed around.https://www.biggerpockets.com/renewsblog/2015/12/0...

In your case, you need to bear in mind that you'd be paying a PM anyway since you'll be OOS, which means the only real difference will be the forced equity you can pocket when you eventually sell the property.

Then further more.. to get appropriate insurance the rates are going to be a tad higher.. so the proforma's most put out there have bear bones insurance coverage that needs in IMHO to be beefed up.. especially someone like this that owns it free and clear.

I'd like to see what the market will bear first.

If that is the norm in that area  then the landlord bears some responsibility .

@Kelvin HeGoing back to my 1st post with the calculations, I do want to point out that the IRR, which is the Internal Rate or Return calculation, takes into account the time value of money.But what it does is boil it down to a steady interest rate as if you put the money into an Interest Bearing Account and left it there, what would be the Interest Rate for the 30 years you left it in there?

I own multi-family property in Southern California and with so many laws changing, the surging costs of everything and many other issues I hope to get my bearings strait and move forward!

Also, bear in mind, unless you're going to brokerage as an employee, you may be paying for your marketing materials, MLS fees, CRMs, etc.  

I love the 3X Bear Russell 2000 index fund when I see a bear market coming.One day when I have a spare 50K laying around and not sure what to spend it on, I'll revive this thread, and we'll have ourselves a bet :).