Urban sprawl just doesn't equate to true, sustainable growth to me.  

If you are selling the property, the equation changes dramatically.  

It will likely never be an issue for you.Multiply the scenarios out to a 100 unit apartment complex - and, more often than not, something that the seller said is not correct, and tenant estoppel's help to uncover problems before the seller is gone and out of the equation.

The emotion is gone from the equation.  

@David Krulac Said it better than I did, Florida specific.....no liens doesn't equate to "clear and marketable" title. 

The equation I use is monthly rent - 30% (vac. 

Also a good equation for maximum allowable offer (MAO) isMAO=NOI/MARKET cap rateDont use the cap for the property, use the cap for the market it is a much better estimate of the future of the rental market in that area.  

Without getting nosy, it sounds like you need to increase your income, at least temporarily, since a small mortgage and $900 in student loan debt doesn't equate to much on the debt side.

And truth be told when people add their time into the equation for such a property the hourly wage achieved through effort is very nominal.

And I can't really sell at the moment because I don't have anywhere else to go.For the record, I don't want a HELOC because that's not guaranteed money if the bank decides to pull/reduce the line.Lastly, is there any truth (benefit) to having a higher mortgage payment on a rental and thus less profit to report, which equates to better tax treatment, or is it that just nonsense?