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That type of profit, should cash in , and invest it in other rental units in an area that is not at this moment as hot ...
Good thing about rentals is :
- even if the value falls, the income is still there to make it a profitable venture
- in a situation like 2010-11 , people losing their houses need to live somewhere, and become new renters , some with still decent income.
My property in Florida I bought for 170K ( Intracoastal front - 1000 feet from the beach ) , and I could get about 360K now ( I did reno of about 60K ) .
... but this is jmjuszt an opinion ....
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