Less licensees paying into the pot means everyone's costs go up.

I am happy to pay a listing fee.

I'd start the refinance process right away, or just pay it off, or sell. 

If I recall correctly, Rent Redi even gives them the option to pay using a credit card. 

Got an equity line of credit and borrowed from it to pay cash for the property.

I don't see them showing up or paying any of the back rent that's due to become current if they wanted to stay.

@Shayan SameerThe non-paying tenant could impact your short-term cash flow, so consider the potential costs and timeline of eviction in your state.

Quote from @Sarp Ka: Quote from @Patrick Roberts: Am I understanding this correctly that youre expecting to get a $700k property for $500k because youre paying cash?

Section 8 refers to a voucher that some people use to pay for their housing.

Namely, that if a tenant (in this case accompanied by a whole family) ends up stop paying rent and I would be on the hook for both covering the mortgage and dealing with open ended legal costs and time.