Consider, Cost to turn the unit, cost to advertise, down time, and chance next tenant would be any better than this one.I think your late rent issue a few times is small compared to what you could end up with.M2M and let her ride. do rent increase in Spring so your chance of turn will come at better time for you.

Keep your eyes and ears on high alert w this tenant, I have a feeling your in for a wild ride.

Their whole back end uses flash so they'll need to update their entire system at some point soon and I don't want to tag along for the ride

Hi Mike,I lived in an apartment in Germantown and would ride the Schuylkill trail 9 miles into work every day.

Take Mom & Pop and your friends and go shopping...look at tiles, and light fixtures and your new furniture and all that fun stuff.Leave the stress with the realtors and attorneys and just enjoy the ride.

I will ride by there and give you my honest opinion.

Not retiring soon, have about 30 years to go, but that timing works for riding out a mortgage :) will definitely need to get to know good property managers.

Negative equity doesn't hurt so long as you can let it ride while you collect the cash flow.When the market collapsed in 2008-2009, people couldn't get financing, so unless you've got enough cash collected to buy without financing, a collapse wouldn't help you.I am still a buyer of cash flowing properties at this time, if I find the right deal.

ENJOY THE RIDE -CharlesPS - Do not make an offer until you view 50 houses!!

The person can use the “riding for dollars” methodology or research city records.