Can we retire now? How to factor in risk of rental real estate?

[tryan]

Of course when you look at my $35,000 purchase financed at 9% 15 year $33,000 = $334.71 X 180 = $60,248 Of course I collected roughly $130,800 (thank you blessed tenants) over those 15 years and have not paid another mortgage dollar for the last 15 years but have collected increasing market rents since netting about $180,000. And I could sell TODAY for $400,000. Let's see 180K net rents last 15 years plus 130,800 rents first 15 years plus $400K value is $710,800 minus $60K mortgage payments gives me $650,000 minus $50K misc gives me $600,000 on a $2,000 investment!!! But why would I sell when my good tenant has been in there for going on 8 years and I'm appreciating at 9% ($36,000+) a year. AND, I have a reasonably firm "Your Poop, Your Problem" policy (YPYPP)Calmloki take note although I realize you own all the pipes so maybe not so easy to enforce. And I'm doing this 3500 miles away! YMMV

oops, my bad ... found this from a May 2008 post. I'ld get an appraisal before I counted on 800k in THIS market thou ... just saying ....