First thing to understand, St Cloud area has a significant % point of rental units too ownership far above state average, with that knowledge at hand know regulations were far more relaxed for some time, and than a few persons came into the market and took advantage of that freedom and in short created a situation that forced the city into action, it's just that simple.

If you didn't diversify, when the market has a prolonged downturn, you will eat up your principle using that money to live and then not have enough to generate the returns you need when it picks back up. 3.

I feel like going after them is going to prolong the already delayed process.

And I am just an overwhelmed pregnant woman trying to relax and live just a bit before my baby gets here.I definitely understand and am going to make the necessary changes upon entering my apartment.

Take $500K and put it in T-bills and relax.

I think for the average 1 rental owner, it's simply too much fuss, and the opportunity cost of that time and energy is either relaxing, or doing other things to maximize bookings like interior design.I think the industry in general suffers from bombarding new hosts with 10,000 things to do in month 1 (OTA, direct booking sites, linking calendars, specific smart locks, etc.) when in reality most owners should probably list on the most relevant platform for their area in year 1, develop a rhythm and learn a few basics, and then start looking into improvements from there.Certainly with multiple properties it starts to become a more compelling argument.  

First-time buyers find FHA loans ideal since they usually have more relaxed qualifying requirements and need a smaller down payment (as little as 3.5%).

Over time, you will be losing out on revenue and just prolonging the inevitable move out when they can no longer pay the rent.  

They should be punished, not rewarded.....You're asking for advice, so here's mine - 1) fire these clowns, 2) get the project bid out yourself, 3) have the repairs done, 4) hire a new PM to manage your new property, 5) go relax and let the money roll in.....

Not to make a million dollars on an assignment fee or to hold the property hostage for a prolonged periods of time.