There are valid points to each side of this discussion.

Paid $96k for a 2 Bedroom, 1 bath HUD home in downtown Windsor, CO in Nov. 20133.5% down, FHA with escrow account - we had 30 days to paint exterior, get water, gas, electric turned on.

Especially the days when you discover that big capex like a roof being blow off (happened 2 years ago), some tweakers climbed up on the roof and gutted the A/C (did two of those in the last 12 months), an evap cooler leaked for so long that the drywall on the ceiling of the kids bedroom caved in (last year), the hot water heater blew a hose and a major leak went unnoticed for 10 hours flooding the hall, kitchen and living room (dealing with that now), the tenant smelled gas outside, the gas company came and shut off the gas because the underground pipe is corroded AND also discovered that the water heater is not venting properly so it got red tagged (just dealt with that last month) or the time the tenant "invited" a homeless guy over, he moved in, then called his other homeless buddy up and he parked his crappy RV with his entire family living in it in the driveway.

It was packed full of new golden nuggets, corrections to some assumptions, and validations on some recent investment activity.   

I am a Master Plumber and a gas and HVAC technician.

For example I currently don't have to pay for repairs when stuff breaks, I don't pay water/gas/sewer/taxes which will inevitably make owning a bigger monthly cash outlay.

Generally speaking on SFR's there simply is not enough equity for the Fed to do this.. they just track the defaulting owner.. the lien is removed from the property after 120 days but its still valid against the tax payor.

WSG is $100 gas and electric is around $100 as well.

You guys are all making very valid points!

You may not had robberies but your tenant request is valid and reasonable.