Those developers pray long enough while building out the building that the tenant will open and they can sell it off before taking a bath on it.The small to medium franchisees eventually if the have trouble get bought out by a Private Equity group that runs them like sh*t and makes their money back and sucks any remaining profit dry before they close or ask landlord for rent reduction.That's what 20 years experience teaches you versus buyers just looking at a cap rate thinking something is a good deal.

A current tenant has damaged the rental property beyond the normal wear & tear. (3 by 6-foot hole in dry wall; Garage access door complete broken off with damage door frame, the main entrance door way frame is broken and need to be replace, damage to the rear entrance door frame as well).

Even the auctions are dried up right now.

To give you a more cut and dry answer however ...

That 250k in equity will likely dry up fast.Moving to a completely different area is also a major life decision.

Huntsville for example has more STEM and tech jobs per capita than anywhere in the US.

I would tend to think it was a dry trap that is leaking slowly.

I already had to let one tenant out of her contract as she had small children.The gentleman that does my handyman work, and who built my house 40 years ago has suggested a well, but has to be done in April, during the dry season.   

When lending dries up seller finance is all there is.

From my understanding at this point that should be safe indefinitely.The issues with Aluminum wiring are a bit more complex than the FPE panel, which is cut and dry (replace asap).