Though, if you just want the cash and plan to hold out until the market softens it may be the right move.

I assumed an extremely high CapEx over 18 years (2 washers, 2 dryers, 2 fridges, 2 water heaters, 2 water softeners, 2 dishwashers; 1 furnace and 1 AC unit, and 1 roof).

Making some improvements (especially those that are readily visible) really softens the blow of a rent increase.  

We will keep an eye on the multi-family inventory in MA going forward since if we see a sharp increase in inventory this will be a good forward looking indicator that prices may start to soften.

One of them recommended adding softener to the water heater or the entire building since the water in Lehigh Valley is hard and may corrode the water heater again within several years. 

Then use some DIF Wallpaper Stripper to spray onto the wall (have heard you can also use fabric softener and water mix).

You're seeing a softening happen already, I still think it's a great time to sell.

It's an interesting time to talk about Subject To...There will be more interest in them moving forward if/when the market softens and recession hits, but what will the banks do this time around if they aren't inundated with bad debt like they were in 2008?

Just know the market will very likely continue to soften over the next 2-12 months, so it's imperative that we get strong deals, to insulate us from further drops.

Now this may not bug you now, but if we do see any sort of softening of the market, either one of you loses your job, or something happens where you need move and sell, this becomes a much bigger issue.