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.

The dilemma i face now is that I can’t decide if it makes more sense to embrace the c class identity this property gives the impression of, or put a lot more into the renovation, get better quality tenants and convert it to the B class property that the building (and the area) should/could be.

Over the years, more than a few clients have approached my firm with a similar dilemma: the Town will not permit the client to develop an undersized lot and they would like my opinion whether the Town is right or wrong.

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

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