This is what we're thinking through:Larger pool of potential renters in urban areas, but may be more transient increasing turnover costs.

I am not a marriage councilor, a quick cash business, bank, humane society etc etc.I say all this to make the point------- Have a lease    Stick to it       Be firm     Don't make concessions     It's an agreement/contract       Hold them accountable     They are an adult      Don't accept a reduced rent because you feel bad for them - this is a business not a charity.Because you accepted some sort of payment of rent you may not be able to count this month as violating the lease on the rent amount - you will have to check state and local laws.On the pet provision that was broken, you should be able to give them a 30 day vacate notice for violating the lease agreement.

It's also exciting to be part of a team dedicated to cleaning up an urban neighborhood.

When we spend massive amounts of public (or printed) money on huge infrastructure projects of marginal value and financing huge corporations at obscenely low rates while charging small businesses a huge risk premium, society at large suffers. 

Jobs, good commute, income levels, rent vs own percentage, urban vs more rural areas, population growth, etc are many of the things most will look into.

You have the shore area, Fort Dix / Maguire AFB, tons of urban areas for rehabs, etc.Pete

There are many people who are to blame.I completely agree with the interest rate/cash flow analysis (which means that if a person gets a 5% fixed 30 year direct am now, they can watch their property values fall in half, but if the rates go to 10%, the cash flows the same.)This is an example of the decline of personal accountability in our society.

We have been compensating this price to the lowest already in the hope of getting someone to rent it out.I might have to include that I do not live in the states but in Luxembourg (small country next to France, Belgium and Germany) and that we live in a very urban neighborhood.I talked to my family and told them about my interest in real estate and that I want to get involved eventually as a career to be able to quit my job and focus on real estate completely, and I got the permission to take over.My other uncle is trying to sell his family home for a few months now and I haven't spoken to him yet but I am sure he will let me take over as well in order to get his house sold.I will get more detailed information about both buildings by the weekend.My question to you guys is, what advice can you give me?

I'm an acquisitions analyst at a real estate development company, recently out of school with a masters in urban planning and development. 

As a teacher I give back to society and as a landlord I want to continue to provide for others.