I remember people in April and May saying how slow the market was for spring  and how those good numbers didn’t mean anything, “that’s the past, wait for the summer numbers” they said they could feel the slowdown coming.

Maybe it is just me, but the time between teh tenants is when I take care of these small items, like touch up paint, verifying there's no drips in faucets, slow leaks on toilets, etc. 

I just wiped mine out. payed the penalty and taxes for early withdrawal.

So far, I have only experienced one interest rate bump that I factored into my estimation when planning the deal.The HELOC was very easy for me to use as it was setup as an account with my credit union and I could withdraw funds whenever I wanted for any amount up to the limit. 

What I have found though is they are too slow and too expensive to do too many lien searches and sometimes not all that skilled in helping you figure out areas of concern on a property you don't own.You might check out a site like https://www.titlesearchdirect.com/ and see if that helps.

Besides, the NYC market is slowing and I dont know how fast this property would stay on the market if we did sell.I feel there is lots of money trapped in the home equity and I want to put it to good use by acquiring real estate elsewhere.

I had one that threatened to call 9-1-1 because his drain was slow on a Saturday afternoon and he might die of sewer gas fumes (he googled it) if I didn't get a plumber out RIGHT THEN.

There are areas that are slow to welcome the re-vitalization but I think are ripe for opportunity.   

Based on my goals of long term passive income, I believe real estate investing is a get rich slow scheme so I try to approach RE investing with a longer time horizon - something like 10 years.

I know Los Girasoles has convenient seating, drinks and appetizers in addition to dinner, and Tuesdays are usually slow.