On top of that, demand isn't really the problem, it's simply new supply having to get absorbed.

My point is that we all have our problems, it's simply easier to notice our own because we live here and we have a free media that can talk about them openly."

However in the future because  of how these things tend to go, I would not have called insurance or a remediation company, I would have just fixed it immediately before it got too bad then warned the tenant not to do it again (and to be fair to them it’s odd that simply hanging a picture would cause a major plumbing leak, the likelihood of that happening is so low) and moved on.

Make it clean, de-risk the exchange process and simply your costs for the exchange.

Most banks or credit unions simply wont do them post the GFC..

My wife and I approached him to discuss buying it from him since it is simply sitting.

If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.

@Clay Hall, I like a HELOC on my primary residence as an emergency fund, and wish I’d had that extra money when I got started, simply as reserves.  

A little over three years ago, I was managing everything in Excel and simply got tired of it.

We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the tenant again.