Unless someone else here is a lawyer that has read those specific CC&Rs, I don't think we have a choice but to agree.

This is a alternate option from home equity loan.

If they have stable jobs you can collect/garnish...But it all takes time...So Time or Money...Your choice....

If you only have $10,000 in equity, and it rents at $1,925/month, I'm willing to make a guess that you don't have a choice...your closing costs on the sale are going to eat up that equity and you may have to pay to get out of it.Your mortgage is at a good rate, but that's a tough position to be in.

We have been pushing for more licensing to remove the one time realtor / managers from screwing up our industry and profession of choice.  

This is a lifestyle choice - do you want to continue managing an asset or want something closer to "mailbox money"?  

Is everyone else making bad investment choices or am I just being too conservative?

Just so you know - you can leave/switch brokerages pretty easily so don't worry if you make a choice and then decided to go a different route too.

If after analyzing many different properties in your area you find that it is hard to reach your goal, you have several choices.1.  

It'd help to look up the demographics of the target area and combine that information with the types of homes being sold and use all of that information to make your choice. 2.