I've sold my Killeen rentals during the increase in prices, but even those probably did not beat the S&P during my hold period because they were cash flow negative and a long hold period.

You have a great idea...so long as you have enough funds (18k+) to start up a property.

Sure you have some people who have limited ability to move up the economic ladder because they have intellectual or mental health issues but I just don't get long term section 8 for as many people as there are on it.

Morgan, I agree that as long as it doesn't look like you tried to match the floors and failed you should be good.

We plan to do a cash out refinance and keep this as a long term hold.

It's simple IMO, if your income covers all your expenses, and you have enough left over to save and invest, you are good to go.As long as your non W-2 income streams are coming in fast enough to replenish your accounts. 

Things are taking a long time to rent and also quality of tenants arent great.

Are the properties long term or short term?

Both are currently rented out long-term.

Maybe we need to quit obsessing over cashflow and look at our vacation rental as a long-term investment, similar to our IRA account.