Hi @Richard Olshove, We lease and manage homes in KC and focus on stable tenants and appreciation.

So if that property is stable and you anticipate continued appreciation and you can withstand any down turn and you like where your life is now then keep it - but no way should you put yourself into a negative cash flow position.  

The biggest advantage you have right now is that you're a w2 earner, and banks like stable and predictable borrowers. 

To me, this is a great metric because it compares home prices against wages and it seems wages are more stable and a better representation of normal inflation growth. 

IE I put mine as “Tile not to exceed $3/sf shelf price.”The key is, you get your efforts paid, so even if they shop around your drawings, you made your day’s worth.

If you own your own home, you reduce your risk by having a stable cost of living while you build your fortune.If you start with a 1-4 unit you will get all the advantages of personal home ownership along with the bonus opportunity to have others pay your costs. 

Here’s a scenario: (Let’s talk about just the roof as an example, as it’s degradation rate is fairly stable.

These rough areas all suffer the same issues no matter if the house is 10k, 50k, 300k whatever it's the same thing.If you want to reduce your risk and increase your chances of being successful OOS figure out where you can buy that stable people want to live.

That helps you by giving your books a stable tenant. 

I have excellent credit and stable job.