This rally may continue just long enough for the "suckers" to get on board, after which the market or specific stock falls.Also known as a "dead cat bounce" or a "bull trap".

If the vacancy is dropping, how is that happening and how can you be sure that trend will continue when the MI trned of population growth has been steadily decreasing over the last two decades?

Even though your vacancy is 100%, many of the expenses continue, and in fact go up because you pay the utilities.

As long as you can provide LLC paperwork showing your girlfriend as part owner (to satisfy "continuity of obligation") you should not have any problem getting this done.

First, I would turn off my listing, you are not in a position to provide a quality experience for any guest at the moment and will run the risk of stacking up negative reviews if you continue in this state of flux.  

.($440k * .10 = 44k making combined LTV 80%)We have been doing this on our BRRRR Deals to continue growing our Line of Credit to allow us to get into bigger deals, flips, private lending, notes ect... 

Then you're going to quit your job where you would have been able to absorb those capital expenditures or they would have paid for themselves over time because the properties were cash flowing (and continue to cash flow) where if something happened in the newer properties in the cyclical markets and you had already quit your job, you would be stuck.Not much of a choice, but I say go midwest.Stephanie

My intent on this next purchase is to make rental income to support a career change into investing full-time. 30k a year in rental income PLUS continuing to work but on a part-time basis should enough for the transition.

😂) producer qualities, so I know and continue to nurture them;) thank you for taking your valuable time to read my lengthy/worry post and actually gave comments ;) 😘

This answer should continue to drive your choices as you invest.