The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

Leave things the way they are, get rid of the problem tenants, and start fresh. 

Investing it in the stock market would make it 100% not tax deductible.To the OP, the GFC is still fresh on our minds, but the chances for this kind of pullback to happen again is not very likely.

Sometimes trying to save $50-$100 will cost you thousands in uncovered claims.

Given the current market conditions, you could have an easier time getting an accepted offer if you target properties that have been on the market for 2+ weeks instead of going after properties that are fresh on the market.

Hello all, was just informed me that my tenant who just signed 1 year extension on his lease told me he's closing on a house in 45 days and wants to break his freshly minted lease.

With all this being said, I think if you have a new build, you don't have to worry about CAPX/Repairs since everything is fresh in the property.

I have listened to about 20 others in the higher counts but decided I need to gain a better base of knowledge so I decided to stop and start fresh at episode 1. ( I do not regret this)I have already read Rich Dad Poor Dad.

Let me add the info I missed - the property is located in WA state, and of course I would like to keep the main tenant or actually both and give them a chance for a fresh start together. 

You need to look at the market with "fresh eyes".