Given the current interest rate environment and your appreciation, my personal investment philosophy would lead me to refinance the same debt load into a 30 year note and continue cash flowing.

Convo went very well, we talked for about 2 hours, I never brought up him investing with me even though the opportunity presented itself, I was much less nervous and was actually at ease just meeting up to have lunch rather than putting expectations on the conversation.

Without diverging lets not forget that this low interest rate environment is also why the stock market is so grossly over valued.

What do you have to offer to put us at ease to sign a master lease with you?

I'm bullish on Metro Phoenix for the following reasons:1) population growth2) job growth - many companies are relocating entire operations here to capitalize on low cost of living, low taxes (corporate/personal/property), and friendly business environment.3) Low vacancy rates - rentals in 2-4 unit properties are in extremely high demand, often receiving multiple applications within days of listing.

There is a real humanitarian side of being a landlord, a real ability to help people, to get them back on their feet or to give them a place to raise their kids in a safe and clean environment.

Its good to see this environment welcome's our skill set.

I picked them based on market size and things like ease of foreclosure.

How can I invest smartly in real estate in this high price environment?

The issue is really cutting down on my ease of participation in the forums.