That is a reason I've been hesitant, as well, because I don't know where it might go again in Vegas and I'd hate to buy now when the market might crash again, but if I wait long, then interest rates might rise and then I'm out of luck even more!

Rents definitely seem to be rising as we speak!

Ultimately, my goal is to refi into a 30 yr conventional mortgage to forego the PMI payment and be able to lock into that interest rate now before rates begin to rise into the near future.  

Rents are rising quickly as well!

Agree its not 2012 where rising tide is lifting all boats.  

This would be purely an appreciation bet that would eventually run at a break-even with normal rises in rental rates over time.

Since that time, it has been rented out and we have recently decided on selling it to a commercial builder who is buying properties in order to build a high rise.  

For those who don't know, Raleigh is expected to receive significant growth as tech companies are making their way there, bringing good jobs and rising RE values with them  Dawn is in a great position to help make people money over the next 5 years.Thanks for sharing Dawn, look forward to getting to know you better and the kinds of deals you're seeing out there.

Doesn't matter if the franchisee signed a 20 year lease if they go out in year 3 or 4 you tend to have nothing but an empty store and a mortgage payment.Franchisees have to be underwritten much more carefully than a corporate guarantee.Although with rental increases the BLENDED cap rate return should go up over time the cap rate value of the property will decrease and have to rise up.

Right now one of my top interests is in the rise of short-term rental funds and opportunities to raise money from passive investors.Cheers!