English is second language and their culture very different now send them to the Deep South and the deep south Accent alone will have both the tenant and the owner staring at each other not able to understand each other even though they are speaking English..

Maybe a faucet or two is broken and not able to turn off or some missing copper pipe?

@Jason GravesSo the real mile marker is becoming a millionaire X5 ( 5 Million).If only 5% reach that mark then that would be a notable milestone.

I since have given a contingency of a co-signer if not able to meet the net income qualifications; sounds like that was offensive and pushed away a bad situation. :) My wife and I just had our first child, and this strategy is enabling us to have her stay at home.

Your investment dollar goes further in Detroit, with price points significantly lower than other popular investment markets like Memphis, Atlanta, Las Vegas, Indianapolis, Cleveland, Kansas and cities in Florida and Texas and Arizona.And let’s not forget that laws favor the landlord in Detroit and not only can you use Section 8 tenants in B neighborhoods but you can increase rent to market on government tenants.PROOF IS IN THE PUDDING.A few 2019 Notable Quotable’s for Detroit lovers, doubters, investors and first time buyers.• #1 City in U.S for most favorable rent to value ratio for homebuyers. -”Smartasset.com 2019• "#1 City Where Paycheck Goes the Furthest."

Unfortunately, lack of experience is usually the most notable piece that stops realtors from helping more.

around 32% savings on rentSo I am renting 1 unit for $20,000 a yearBased on what our other 1 bedroom properties are renting for and with this property on being right on the beach I am planning on gross rents in the neighborhood of $35,000 to $50,000 per unit, using the lower end and conserved number of $35,000 I would be looking at a return on my $20,000 rental of each unit in the neighborhood of 75%I will spend about $8000.00 furnishing out each of these units (we go after the higher end market (Marriott, Ritz Carlton cliental ) so even at $35,000 - $8000 id be looking at $27,000 giving me a return of $35% and that's for the first year with the second year going back up to the 75% return.This has turned out to be a win for him with what I figure is a rough 5% return on a $2 million dollar property that he was not able to rent on a annual basis, he has no headache doing vacation rentals.The negative for me is I am building no equity, yet making a great return on my investment.

Account ClosedI would sell it if you think it would stress you out too much to see how renters would take care of it (too emotionally attached since it was a primary) as well as if the rental income is not able to cover the mortgage/taxes (that's just whack).

My two cents: There's no reason to REFI if you don't have a place to deploy the cash, and since you said "I am sitting on about 800K cash in high yield savings waiting for opportunities to buy again (can't find good deals right now)" it sounds like you're not able to deploy that cash.

Any person that I have spoken to was not able to give me an update.