The owner needs to know you are solid, a good bet.

In my opinion, that is a riskier bet because you have to have a big pile of cash for contingencies.  

Your best bet since your working on your capital are going to be to use low money down hard-money lender.

Liquidating the property is by far your best bet. 

Appreciation: Are you primarily looking for immediate cash flow (rental income exceeding expenses) or are you betting on long-term appreciation?

Bought a place a few months ago on market while doing a 1031 exchange..

The debt may not report to your personal credit (unless you are late on or miss payments, then all bets are off)2.

Sounds like their combined income likely beats your other tenants.Your gut is probably your best bet and you need to go with it. 

And the condo debacle in FL will be churning for quite a while as these rogue HOAs try to get realistic with deferred maintenance, new requirements, and freedom for people to use as they need to afford them.One thing to consider would be to 1031 all of them in a consolidation exchange. 

@William Bohan, Yeah, being a CA resident you'll have to do a 1031 exchange or your tax will approach 40%.