Also remember, you can NOT identify more than a certain number of POTENTIAL replacement properties, and they have to be within a certain percentage of value of the old property, and you can’t file this identifying paper and then change your mind.

If that isn't outlined in the lease, I would do that at renewal but potentially include that until that happens. 

I need to do some more research and potentially save some more money so I won't run into as many challenges. 

I think thinking about some of your hang ups and potential obstacles will help you to resolve it.

I'm looking to connect with potential borrowers.

A good example to reduce your potential costs without raising rents is to have the tenant agree to handle all repairs under a certain amount.

My brain hurts but my blood is pumping due to excitement because of the potential that lies ahead of me.

I'd suggest choosing an area that looks like it has potential and then spend your spare time just driving around.

It is a story of a potential porch pirate.  

I would just pay off the arrears, pay out your equity, and transfer title. 3) Sell on the market, but then you'll lose some of that equity in closing costs and commissions.