Successful people prioritize the big payoffs and most rewarding tasks first, leaving the less significant ones last.

So if you buy even a 550k to 600k house, you'll have roughly the same mortgage if you use some of your profits from your house to buy it down and that will then leave you with 300k to 400k to invest in other properties.But if you're going to turn around and buy another 850k house, then stay where you're at and get a heloc on your house and use that money to invest in more real estate.To me, it all comes down to - if you sell, what price point will you be looking at for buying your next home?

Their lease technically ends on Sep 30, 2018 and I was given verbal notice today that they will be leaving when their lease ends.

The house looks promising from an investment perspective - or at least as promising as it can be in this seller's market where most houses sell for prices where the rent is barely large enough to cover all foreseen expenses, let alone leave you with a steady cash-flow, profit.This one looks like it will allow us to get some decent cash-flow after all expenses, fixed and anticipated (including capital expenditures, vacancy etc) are accounted for. 

So, trying to stifle a laugh, I ask him to leave the property as I don't want any issues for my tenants.

There is significant equity in them for me.My new home has very little equity and will not be a rental property when I leave it.

We like to have some type of printout of the property with descriptions and pictures so we can give them something to remember the property when they leave. 

I would leave it to the expert here in BP if they agree or disagree with me. :)

That leaves you with $512.

Every year my tenants tells me they would leave due to kids school situation but staying put.