Also, Investors need to be prepared for and understand if there are additional costs that come with foreclosures, such as water bills, and potential fines for property upkeep.

If it is block construction the engineers will make you beef up the slab and add piles to support the new weight of the second floor.

Sorry He said he is down to help mow lawn and do upkeep on the house. 

After weighting all of that, does it make the most sense to try to keep this tenant in place? 

How is the upkeep of their units?

There is a lot of weight on marketing, and a lot of inputs to that cycle.

yep your weight in gold.  

If you can’t quantify risk and don’t understand the mechanics of “weighted” average of expected return and range of returns (standard deviation) then you are at a severe disadvantage and should consider a competent investment / financial manager for your investment capital.  

They ended up keeping my funds.

They may or may not have good reasons and unless they communicate those reasons and perhaps even substantiate them I really try not to give them any weight.