So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

The house will need a new fence soon, so I'll have to factor that into the scenario.I'm not sure which choice is the best option for me.

You are the owner and you make your own choices when it comes to your property.

I'd also reach out to the tenants and let them know to direct the payments to them though any smart tenant would only do that after talking to the PM.

but it also has a couple shortfalls: - Low to fair rents at best - Low rent appreciationI bought fairly smart, but still not smart enough to consider it an immediate good return.

Partnerships and smart financing made this deal a win!

Some will shed most is not all of their rentals and just do lending .. personal choice.. some things to keep in mind ONLY do first loans. 

If you're already in a secure financial position, leveraging your equity could be a smart strategy.

@Joshua Lanzieri when renovating older properties there are almost always negative surprises.Go watch any HGTV renovation show and most of them will have this as a cliff-hanger, forcing the choice of either going over budget or cutting back elsewhere.10% overruns happen often, but 50% is NOT acceptable!

They completely wasted my time due to lack of knowledge and organization to my file; then changed their offer as if I had no other choice but to take it.