If you want to expand your learning horizon a little bit, I recommend reading From Janitor to Multi-Millionaire by Rich Weese and the Millionaire Real Estate Investor by Gary Keller.

Hello @Marvin Stewart,Congrats on the newly crossed horizons.

He knew he wasn't going to make money on it & had some financial things on the horizon & did not want to mess with it. 

Page 20- Still not much evidence of inflation on the horizon Page 22- Dr Yun thinks mortgage rates are heading up.

They have low cost of funds and very long time horizons. 3.

And what is his investment time horizon?

I thoroughly cover this topic in the first link and the 2nd link is an article which contains updated stats:http://www.biggerpockets.com/forums/55/topics/2140...http://www.zillow.com/research/landlord-profit-735...To expand upon these posts, here are the historical annual appreciation numbers for SF, which I believe are undeniable:5 Years - 8%/Yr.10 Years - 0%/Yr.20 Years - 5.8%/Yr.30 Years - 5.6%/Yr.I view long term buy and hold investing as a 15+ year time horizon and SF has returned extremely attractive gains over those periods.

what is your time horizon?

"Training" a late paying tenant using consequences has limited rewards when there isn't another tenant on the horizon.

Again, if you have the 10-20 year investment horizon that @Steve Rozenberg proposes, investors should be fine.