[Zeke]

To me having rentals is a investment business. Investments pay out in many different ways. Make sure you know what your return is to your investment. Move it if it's not ideal.

Another way to look at it is leveraging. You say the properties are paid for and your return on that investment is rents. I see others that keep the leveraging at a point where tax advantages are maximized and profits are zero. Any equity that can be used is used to acquire.

You could get out with an exchange. Trade your equity for that in a multiple owner conglomerate. Money is money and like Paul says, no drama pays out that I know of. I could give a rat's about water heaters. I have my opinions because I did property maintenance early on in my career. I got a 'taste' of what people are all about the first time I scraped peanut butter out of a kitchen drawer that need to be painted. I installed new windows in rentals when my door and window business was young. I got away from POS renters as soon as I could afford to pass on those jobs.

I've never met a renter that I would have live next to me, given the choice. I've met hundreds. Even the hot babes are more trouble than the eye candy. Maybe especially.