The tenants are not thrilled about moving and I have made them offers and my agent has showed them exact floor plans around the same price and they dont seem to want to cooperate.

Now we planned on buying at least 2 homes per year and this would definitely set us behind in our plans which doesn't thrill me.I know that there are other deals that I could probably close way before this one on other homes that will bring around the same rents.I would like to get your opinion on what I should do I this.

I agree with Marc, not getting insurance is a huge gamble, as well as not requiring it.Sorry I didn't reply, I haven't frequented this forum too often as of late.

They were free to engage in wild speculation (gambling) because the taxpayer would bail them out.

I relate well with these people and rarely have problems in a little city that is known for drugs, gambling, prostitution, corruption and a high murder rate.

These same "regular folks" that you sympathize with were the ones that would think they were very smart had their gamble paid off.Regarding banks, I think bank management deserves to be blamed by their shareholders, not their borrowers.

Perhaps Ned Flanders (from The Simpsons) was correct... insurance IS a form of gambling.

He's in a very similar situation as you are, and I'm sure he'd be thrilled to have someone to discuss RE with who is in a similar situation.

He was thrilled to sleep on the floor with a sleeping bag.  

Or should you gamble with cheap properties in the low 20k - 30k and risk not finding buyers.Would appreciate all inputs before taking the so called leap