Property #3 may be bleeding cash if HOA is not included in the payment. 

While I was there, a vein in his arm ruptured and he started bleeding heavily all over his couch.

Always try to stop the bleeding until the permanent fix is complete.

The property was bleeding out thousands of dollars a month before.

That is the type of tenant that will bleed you dry. 

I can see that the little town on the bay is going to swell in size in the next several years and that has me interested in investment properties. 

I've seen some investors get too excited about private money and the day before closing find out the private investor is bleeding all the profits out of the deal.

My manager has basically said that we can either go after the money or the eviction and that her inclination is to wait until the end of the month and then if he isn't gone begin proceedings (to avoid legal fees) .Am I looking at this wrong when I think its best to get the ball rolling on the eviction now and stop the bleeding as fast as we can? 

So the Seller financing and OPM is a tool to accomplish that and make it work without bleeding cash until a re-fi.The ask is down IMO, buying at way under price per door avg for area and buying with relatively conservative plan to go from 7cap to 9cap in under a year.

Obviously its manufactured wood so i know its going to take a beating but i guess that's just something I've got to work on and mature as i try to evaluate decisions more from a business stand point and not from the perspective of living there myself.For the kitchen i did actually go for real plywood cabinets because i didn't want to invest in something that I would have to then replace in two years after it got wet and started to swell and break down like the IKEA and other particle board options so that wasn't so bad.Now for the issue of bandit signs I can't lie they are definitely NOT allowed in my area.