I see many purchases as a mistake.Listing brokers are pushing 4 to 5% or more rent growth in the pro-forma's and vacancy at 3% with expenses totaling 35% etc.So even if they list as a 7 cap it is really a 5.5 to 6 cap with proper underwriting.Velocity for multifamily has slowed compared to other asset classes.

When looking at the big picture, do what will increase your net worth the fastest.Using your extra money to pay down bad debt will delay your financial freedom and slow your net worth growth.  

We've dealt with our share of unexpected issues, of course, but that hasn't slowed us down much, and I always enjoy jumping on the phone with my partner and talking through our plans. 

So when it's slow, I have another form of income to depend on. 

On the other hand, if everything else about the house checks out fine, I personally wouldn't let the mess slow me. 

I'm a Mason interested in acquiring passive income to help level out the slow times in the Business.

All this equates to an economy that basically stays flat to slow growth.

We did a trip to Memphis and I was ready to dive in but decided to slow down a little and start with a local flip with the guys to get our feet wet.

If you don't pay when they accelerate the note, what happens?

I have slowed down purchasing more properties as I convert the remaining 12 properties to Airbnb.