Quote from @Adriana Collado Hudak: This is discussed almost daily and you'll get bad advice almost every time.

If you haven't lived there, visited there a lot, or have close friends or relatives there, you may be too detached from the area to pay close attention to it which will lead to PM skimming and just bad oversight on your asset.3.

Since yours came to you and you've managed it, you still want to go behind the curtain with other to see if you really do want to grow to include more.One thing about portfolios - there are always bad properties in there.

This literally is the equivalent of buying a list of vegans, to market baby-cow burgers to.it is not just a bad audience for us... it is the WORST POSSIBLE audience for us.

So, if it goes badly it goes badly and you shouldn't be investing such that one bad deal ruins your life. 

I feel bad/selfish for wrestling with this (my pastor had the same comment about if you want a "gross blessing" tithe on the gross, if you want a "net blessing" tithe on the net. 

None of the methods you purposed are bad, just gotta commit and run it for 5-10 years at a time.

There are many reasons why things can look bad on the outside, but they really aren’t.

It was bad.  

Be cautious about jumping into someone's bad multifamily deal.