I have some friends where they are operating a 'different' rental business where their margins are a lot thinner so that roughly $60/mo added cost per property would not be tenable. 

Continue to do the blood from a turnip thing with the current rental understanding that in addition to paying less to principle and more to interest, you're also going to be paying refi costs in that new mortgage.2.

@Tomer ShaniLegally you can not rent one unit to more thatn3 unrelated persons by blood, marriage or adoption.

You may find many and have the opportunity to buy the best of those at the worst of times.As Warren Buffett says, "The time to buy is when there is blood in the Street."

I've heard contractors down there have about a six month wait and materials are growing thinner.

In 7 years we have only had one issue with garbage disposals but I imagine if we begin having issues on a regular basis, as it sounds like you have, we will reassess.I agree, the chances of receiving payment are slim and we aren't going to press this matter in court (blood out of a turnip).

"Buy when there's blood in the streets"

When we finally got them out they were still using his blood & brain matter soaked mattress!

I’d consider buying again, but I‘d need to eat blood pressure medicine with my Cheerios, and I’m 34!

I would stay away from the thinner stuff, as the grout lines could show through, but if you had a thicker product, I don't see why it would be an issue.