The neighbor who is living there has developed a pretty bad mental health issue and has become very erratic and displaying violent behavior even threatening to kill me and my tenant.

That is where I draw my take on Sell/Rent my biggest fear is the "What if Factor" - drop in tourism, association comes under litigation, hurricane (This season looks like it will be "Very" busy), Sickness or health issues or other.

As Joel notes, it is a great way to monitor tenant health and be prepared for failing tenants ahead of them stopping to pay.

A chapt 7 takes about 3 mos and you are back on your way to health.

The old trailer on our lot was full of mold which wasn't helping my health any.

The kind of thing you only really see in America today in families with trauma and mental-health issues, traditionally where the pop refuses to get help and the mom refuses to stop enabling him.

@Matthew Gentile  one main factor to remember Income is critical in this business to obtain financing of any magnitude and a stable well paying W 2 allows you to obtain debt for your RE purchases plus if you have health bene's etc that's critical as your family grows.

Option 1 offers the potential for immediate cash flow and appreciation, which can significantly contribute to your overall financial health.

The Environment, the Safety of people and the living things around us as well as the general health and welfare of all living things are extremely important to us.We are passionate about real estate investment and Buy and Hold with a focus on providing affordable vacation rentals and long term living spaces for Veterans and individuals in situations of hardship.

And then you lose all your bene's and raising a family and paying for health insurance is a big deal.