Multi-family rentals and flips at a distance are very different animals.

@John Kelleyreally depends on exact location, current zoning, what type of demand generators in the area, what’s around it etc...lots of questions to determine highest and best use.

Demand is high and it’s always great to live in that kind of atmosphere with the restaurants, pubs, and cultural things.

In areas where there is easing of restrictions and/or no restrictions on vacation rentals, what have you seen in demand for your rental(s)?

He is willing to let me keep the mortgage contract long-term, so I can stretch it out to 27 years if I want to without demand for refinance later on.

So, unless 11,000 additional properties get dumped on us soon and the demand from buyers slows down, I think it will be a low inventory market for quite a while. 

We are not too from June so it might be worth pulling out the next worse scenario which is small business bankruptcies, continued high unemployment, huge damage to local and state funds and thereby cuts in basic services, fall in consumer demand and then a cascade that impacts other businesses and eventually rolls into the housing market in the form of foreclosures.

If you don’t want to do it no amount of money is going to make you happy about those stupid phone calls that the toilet isn’t working or they demand you come over immediately and level their stove because their pancakes aren’t level (true story)If you can sell it I think I would.  

In Phoenix, Inventory is very low. currently at 13,878 active listings and demand from buyers is high.

They don’t wanna show proof of payment I tell them I’m not renting to them as it is NOW one of my requirements. ive had a few people get very upset because I demanded  proof.