I think you need to continue educating yourself to better prepare for RE investment.

I suppose it might, if it continued... but the dealers are leaving this month, so there will be no more problems.

Jack & Shweta - clearly you've both done your homework, I will continue preaching to the choir and get even a little more granular on the positive points you have made: Affordability: Wage growth has lagged cost of housing growth in the U.S. over the past 35 years.

Keeping that in mind, many have more equity in their properties and some believe strongly in having zero debt and paying off the mortgages as quickly as possible rather than continuing to buy more properties through refinancing.I have at least 30% equity in every one of my rental properties.

He’s been an ideal tenant (always pays on time and takes good care of the place).If I agree to let him out of his lease how can I protect myself so he continues to pay until the unit is re-rented?

To @Mark Newton thoughts above, I haven't checked out Madison yet, but continue to look at Murfreesboro, Clarksville, and Jackson as possible deal options.

Be patient, partner up if need be, continue to educate yourself, and make the right moves when the time comes.

Per the lease it was the tenants' responsibility to cover lawn maintenance and water was to be paid by the landlord and reimbursed by tenants.Although it was the tenants' responsibility to maintain the lawn, we worked out a handshake agreement that the landlord would continue paying his lawn guy and we would reimburse him for it.

@William Dubinsky Perosnaly I prefer to continue allocating for capital expenditures throughout the entire time I hold a property.

I am a big fan of multifamily properties and continue refinancing them anytime my equity goes over 50%, bring it down to about 30% (or the least the bank will allow me to be) and take the delta and purchase more properties.Hope this helps.