On the other hand, keeping the house could allow us to maintain an appreciating asset in a desirable location.I’d love to hear from others who’ve faced similar decisions.

The Class system (A, B, C) can vary by market, but here's my general breakdown:Class A: High-end, desirable neighborhoods.

What kinda gets me is when the same poster becomes hostile, argumentative, accusatory and or sarcastic because they’re not receiving the response they want (and probably just paid $5k + for knowledge/information/mentorship that won’t lead to their desired result). 

He has stated clearly to me that he does not desire to be a RE investor.  

Plus, if the property is in a desirable location, you may have little trouble finding tenants.However, there are potential cons to be mindful of.

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

No off-street parking = not worth doing MTR unless it meets all of the following: super urban area where no parking is the norm, highly desirable area with a ton of MTR demand, super safe part of the city, and has great public transportation (think NYC, Hoboken NJ, etc.)Unless it meets all of the criteria above, I pass on those opportunities because my MTR will be eliminating the many people that travel with their vehicles.

It's all about the location, you might be able to buy a cheap house, but if it's in an area with nothing but other cheap houses and in an area that is "not desirable" you're not going to make much money on it, either in improvements or rent.

So the real answer is do what's comfortable for you and what makes sense based on your own financial position, your age, your desired outcome, and your local market.

It’s obvious the tenant is a total PITA and has zero desire to deal with all of your rules.