I could no longer take a chance on someone because it was getting harder to get rid of them if they didn't tow the line.

Setting proper expectations and enforcing the lease promptly when necessary will greatly reduce the chances of ever needing to evict or getting into a situation where cash for keys would come into play.

And I have been a PML business owner for a decade so it was an easy choice/chance for us to take and had access to funds to pay it off when rates jumped and our interest earnings was negligence compared to the risk. 

.- Investment Lock-Up: While there’s a chance your funds could be tied up for a bit, if the property is well-designed and in a desirable area, you might see appreciation that allows for refinancing sooner than you think.Buying an existing property:- Less Risk: Existing properties come with a track record, so you can analyze their performance and potential more easily.

Again as @Michael Plaks mentioned this is not a political forum, there is a chance if the Republicans win there could be a tax cuts and jobs act 2.

Make sure on the second home to.1 - Good neighborhood. 2- Three bedrooms, Two bathrooms  or larger. 3- Possible chance to ad on a extra room,,@ where patio is, or back of house?

This can enhance your application and improve your chances of securing a loan.

You tend to see higher turnover when it's that small; good chance the property owner or property manager can't find people that a) only want 700 sq ft and b) are willing to sign a 5 year lease. 

Settled on cash price, without title insurance or running title, yes I took a chance.

If the GC you hire is lazy and tries to get the subs to manage themselves then chances are your finishes will not be of the same quality as your comps and your exit of 300k is now 260k cause you are not the same quality as the comps.