Now, I see you are in Seattle, which much like Portland, has extensive tenant protections.

Hi @Emily Gowen, whether you should sell comes down to what income (both cash flow and appreciation) you could realistically expect from the properties in the next X number of years vs. the amount of money you could make by selling now and either reinvesting or just sticking that cash in the S&P and collecting your 6-10% risk-free returns YoY.

This is the 2ND month the same problem is happening now, we have been with Appfolio for more than 5 years and have about 60 - 80 units collecting rental income through Appfolio and we never had this issue before with the previous Appfolio team.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I have done extensive research in the risks, how to structure such deals to mitigate those risks as effectively as possible, and legal considerations of each strategy. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Lastly, in this example, if you are only able to collect rents but have no equity on the property - that is worse for the investor than owning the property.

I always collect social security numbers, driver's license numbers, date of birth, etc.

The SEC claims Fossum misappropriated hundreds of thousands of dollars from the funds by living rent-free in a fund-owned home and having the funds pay for extensive international travel and his federal taxes.

The wrestling and wrangling you would have to do to collect would never be worth your time.