Ultimately, the decision should align with your investment goals, risk tolerance, and the amount of time you can dedicate to managing your properties.

It ultimately cost us almost $100,000.

One way to look at owning a tax deed is as a long-term option on the property that never really expires.If you want to ultimately take over the property, you may elect to just wait out the year or, if you hope to speed things up, you might try to contact the owner and ask them to quit claim their interest to you.

Ultimately, I want to quit my job (of course), move to a new area and focus on REI.

When markets change they have a massive nut to pay and start bleeding cash to stay afloat.I see this with large commercial brokerages when cycle sales is hot the champagne is flowing and companies can't hire on people fast enough then downturn happens and they have to merge with other companies to survive or go out of business all together. 

Hi Sara, Ultimately, the decision to keep the property as a rental or sell it within the 5-year window will depend on a combination of financial, market, tax, and personal factors.

And yes, I feel down, and low 7 behold, I survived, got back on, fell again, got back up, fell again, over and over getting 1 tiny % better each time. 

Ultimately investing is an entrepreneurial activity.

This time we studied multiple exit strategies and ultimately we found a nice balance that seems to work. 

The guru has never seen nor have they survived a downturn.