The reason for that is once you have multiple properties, you don't want litigation with one bleeding out into the others. 

I don't have a problem with the look or feel of laminate my only scare is that if something leaks or the tenant spills something it may make the floors swell up.

Demolition and gentrification claimed the cheap units, and sputtering incomes swelled the number of needy renters.As a nation, we appear to have upgraded our notions of what constitutes acceptable housing without figuring out how to make this housing affordable to poor people.

Prices are much higher than they are in most areas of Detroit, but also they aren`t bleeding out.  

I had hoped to get someone in the empty unit to stop the bleeding first, but I'm looking for an agent to list it now to go ahead and cut losses if we can. 

This site is awesome and i wish i came across it 4-5 years agoAnyway...so FINANCING question/Help neededI have been investing in RE since 2009 mainly in multi units in Los AngelesTwo 4plexes, One SFR, One SFR that i built a 2nd unit on and I guess now is considered a duplex.In addition to the above I own a personal residency SFR4 investments 1 personal residency, total 5 loans.I wanted to tap into the equity of the SFR that is now a DUPLEX yet i found out AFTER the project was completed that I cannot do a refi cash out due to the amount of loans I have, but that I can try to do a HELOC and then after 6 months if i have used the funds for investment or what not, then i could refi that into a fixed rate loan say a 30 yr or whatever.This sounded swell...

The good properties ended up supporting the bad ones that were bleeding cash.

You won't know if you keep looking the other way and bleeding year after year.So your current pm charges you only $450 for a new lease up..but you need a new tenant every 6 months...

You need a way to step in to take control and stop the bleeding.

Drug went bad in the kitchen, guy took a machete to the neck/shoulder, ran out bleeding.