Whatever helps you rationalize leaving that cost in there.As far as #1 - you're going to be looking for a while.  

By all means go ahead and evict them on your terms using your rationality.

Rationalization is the most expensive word in the REI vocabulary.  

There will always be negativity around us, and if we let fear win over rational thinking we would never have successful companies like Google, Apple, Facebook, Amazon, etc. 

The reason i mention this is because you most likely will not be approved for the loans on property 2-4 unless your current job can provide the income to keep your debt to income ration below 50%.

I appreciate the fact that you at least have a considered and calculated approach, and that we can discuss rationally.

I am looking to pick up some apartment buildings in Newark, NJ and would like to immediately re-position each building by managing the expense side. Does anyone know if RUBs are legal in Newark, NJ? And If does anyone...

Now one interesting thing is that cities' rationals can be totally opposite one to another.

There are a lot of people on here that seem to almost rationalize a deal to *make* it good because they have that itch.  

Don't rationalize any numbers, or use anything other than cash (i.e. equity, appreciated gain, tax deductions, ...) since those other items are NOT CASH.3 - If you have a negative number, that means you get more cash back in your deal, within the first year, than you spent (so in this case...used)...and you have a winner.4 - If you have a positive number, that means you have spent money to buy this property...your money.5 - If you fall into the #3 category, you have recovered all your initial cash (seed money).