Hello, I stumbled across this site earlier today, and after reading numerous posts with great viewpoints, I’m really impressed with the knowledge base of the community here.

Just my viewpoint.

From the 1031 view point, if you hold back $60K to use for improvements that amount will be taxable. 

(That's a different topic and I share the viewpoint of MikeOH)If you've got a job with benefits paying more than 60K stay the course.

Randall:From the viewpoint of a private lender, If a potential borrower whom I haven't done a deal with shows me a deal I would:1.)

Exchanges back and forth that discuss opposing view points are also great as long as they remain civil.

:) BUT, I have really enjoyed expanding my viewpoints and I already feel like I've learned so much. 

She said from their viewpoint we have excellent credit, have not missed a single payment, etc.

But the Pm at the time had 200 homes and this investor was moving 220 over all at once.. so you can see were a PM could get stars in their eye's they double there business in one month...However again in my mind for the small investor starting out on their search of markets I don't think your going to have many reputable PM's puffing just to take on an asset that will make them 75 dollars a month... the down side  at least from my view point would not be worth ruining reputation and having a pissed off client.

From my viewpoint as long as you're not losing money ( please take into account the future capital expenditure) then you're getting a free education. if you can get out, make up your mind and get out , else continue on and look for other ways to get cash flow from this property.