I’ve made very good money in RE. My bearish sentiment is only when the numbers or the trend stinks. The trend is against you right now. But if the numbers are good enough, you can beat the trend. If you can cash flow enough positive each month…you’ve got a fairly good cushion for future problems. Being a landlord is a WORLD unto itself. You’ve got your analysis down, so I’d start learning the tricks to being a LL, if I were you. A guy named Mike Cantu is the best I’ve seen. You may want to Google him to see if you can learn from him.
Again, I’d really sus out the market to make sure you can keep the unit occupied with reliable tenants for the next 5 years. Few people are good at being LL’s and the end-game is usually to sell the place at big profit. Some want to own free and clear and have a cash cow for decades. But that’s a real long-term strategy you may not be willing to live through.
