This would pay us back less than we were owed but still enough to come out whole.We all tried to negotiate a short payoff with the second-position lender, who foolishly demanded payment in full.

If you're unwilling to charge a common fee, I wonder how you're going to handle a problematic tenant who is late on rent or responsible for paying the plumber to remove a kid's underwear from a clogged toilet.How will you conduct a credit/criminal screening without an electronic application?

That is what we thought, but are being told we have to pay SS and medicare on this now even though it is "deferred." 

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

In addition, you've got your HELOC on your primary you'd have to be paying back also.

It seems more your fault for choosing the "lying" contractors from the tenants point of view, if you ask them to pay up, I'm sure they would.

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

Attend in person, bid, if you win you have to pay right then via a cashiers check.

You might be surprised, but your rental properties have more in common with dividend-paying stocks than you think!

Not a lot to add here, just the simple advice to make it as easy as possible to pay rent.