If the tenant has low net worth, a court judgment is practically worthless.Taking a week to vet a tenant can save months of headache.

Instead:401(k) loans: They’re low-interest, and you’re paying yourself back.Roth rollovers If you can afford the taxes now, this gives future flexibility.Creative financing: I’ve seen clients leverage partnerships or seller financing to limit retirement fund withdrawals.One thing to consider: real estate markets today are vastly different from a decade ago.. so opportunities may require extra creativity.Have you looked into specific deals yet?

The problem is these homes are 60-120 years old and because of the low value neighborhoods, nobody has ever made any capital improvements beyond duct tape.

The first option is to keep the condo, which offers a low interest rate and predictable cash flow.

I don't like it I have to be honest - I think part of the reason you're cashflowing is the low interest rate and relatively high downpayment.

Tornado, wind, hail, flooding if in a low spot, general weather related.

The median income is low but the amount of renters is high.

These low income housing plays are speculating and not investing.

Low income choosing high occupancy to stay here.  

Low hanging bad apples.