I've been dealing with her for over 12 yrs. 

But factoring in tax savings and principal pay down at a nice click w only 11 yrs left on mortgage I like the idea of holding onto it as rental and becoming very nice passive income in 11 years.

I'm realizing that the ones around me are at LEAST 20 yrs old in the price range I want, even though the DOW book says not to go much older than that.

As a landlord, I understand what those acronyms stand for and how to calculate them, but i am having difficulty understanding how to apply them during the initial stages (i.e. the first 1-2 years).Here's what i mean:purchased 3 homes in the past 1.5 yrs. 1. 53k purchase price. rent - $925. in 1.5 yrs i have spend around $14k on everything but P&I, settlement charges, down payment. my GOI for this home is $11,100.

I think we will see some good appreciation in the next 5 yrs due to supply/demand/interest rates/buyer confidence.

We still own our first unit (single family condo). 30 yr loan and 10 yrs later wish we could just dump it off our books.

If after 5 yrs, if the house does not have the equity or perform as desired, I can walk away from it, but could allow me to cash flow over the next 5 yrs.thoughs good or bad?

"Nancy has 35 yrs. in the city streets of Detroit...LANDLORDING !!!

Screening had nothing to do with it and while the probability IS LOW (took 15 yrs to hit this issue), when/if it does, how many SFR investors would be able to cover such losses???

The issue I have there, (please excuse my ignorance from here on) is that I have currently and FHA loan on the home, I've own it coming up on 7 yrs, but I need to get the original loan down to 79% (currently at 81%) to be able to look into equity options.