Your return on cash invested in the first year then is something like $4800 cash flow +$50,000 equity boost + $3,000 (reduction of principal)

You need to have a heart to heart with your property manager and come up with a plan to fine your tenant.

If they add that to Fargo, ND that is a major shift and boost. 50,000 jobs that pay an average of $100,000/year will bring in at lease 3x that in population.

With Amazon taking the old Euclid mall, about 800k sq ft, and now building a 1 million sq ft facility 20 min away in the heart of everything , seem as though pricing is going even higher. 

Tell him to go to school and use his GI bill, he'll get E-5 BAH w/ dependents... that'll be huge boost to income. 

Just fyi, getting into selling bank owned properties is not for the faint of heart.

@Yong Park, Your heart story is compelling. 

The last house we bought was in March 2017. We are in the process of refinancing a duplex and get finances sorted out but lately I have fealt that I have not been putting much effort into wanting more even though we d...

Excited yet nervous, but your story helps to fuel that fire that burns in the heart of every entrepreneur, its the thrill of building something new, and you are doing it, thank you for sharing.

My heart burn with real estate property tax is that it is the simplest way for the government to confiscate personal property of those who have paid off their property but at some future date can't afford to pay property tax.