saying you don't have the time anymore - that's questionable.and what i mean is, how accurate is that statement.alot of people come to this conclusion too quickly.many times they're really saying,"I don't want to make the time."

I've come to the conclusion that there is no right or wrong answer.

My best conclusion is to have the rented unit break even with expenses.

(but what do I know).In conclusion, the appraisal of $62,000 (repaired) will make it impossible for me to go to another lender and convince them that this property is a good investment ($60k) so I will be walking away.

I know that at the conclusion of 2015, I calculated a loss of over 2,000 vested hours trying to make something happen! 

My conclusion - If I'm investing out of state, be sure that the property has been freshly flipped or updated so that there aren't any concerns of updating immediately, giving you ability to let that property cash flow enough to give you a good monetary cushion.

I have come to same conclusion as you, except am still considering the LLC route.

Thanks for helping me reach this conclusion. 

My conclusion on the pets is it clearly states in lease that "pets upon owners approval" and while I would of said "NO CATS" if he had asked he didn't and took upon himself to bring two cats in putting me, the landlord, and him, the tenant in the position we are in now in the "pet Violation" regard.In regards to the grace period I agree, to long.  

That's the conclusion I was headed to.