Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.Given this situation, what course of action would you recommend?

We were very positive about our plan, however, with the current interest rate being high, and the market is still somewhat competitive, I am not sure if we can have positive cash flow..... 

If you feel your assessment is too high, you have the right to contest it.

Pricelabs is great and I highly recommend it to anyone self-managing.

My final bit of advice- STRs are high risk, high reward propositions.

Don’t forget that you don’t insure the land, so in high-value areas like LA, property insurance will be a lot less than the amount loaned -- thankfully.You might optionally require specialized earthquake, flood, wind/hail, or specific endorsements for other regional risks.If you can, be careful accepting an insurance binder in favor of the actual policy.

The mortgage rate for rental property is quite high, and is often higher than rent-to-price ratio, so in terms of capital cost vs. return on capital, it does not make sense to get a mortgage.

I’m looking to buy my first property, I ran the numbers and the cash flow is roughly $500 a month with both units occupied.. but what happens if I buy the Multi-Fam in todays high priced market and rent prices went down in the next couple of years.

This is a great product to push in any high rent low cap rate markets: San Diego, LA, SF, Seattle. 

They will have high W-2 income and good credit.