I feel like if the asset is leveraged correctly and can be "self-sustaining" (I'm sure that's not a term), then you can move on to the next one.  

It was also more sustainable for me.

But in general, it can matter if it's a place people want to be or not because of- sustainability of those numbers.

In the interim, I feel much safer here, and while I am leaving a lot of money on the table I sleep very well at night.It depends on whats driving the trends and whether you believe drivers are sustainable.

Aside from the moral implications, there are some pragmatic ones as well ... operating in this fashion is not scaleable or long term sustainable.

@Nick Brown water wells have been sustaining most of the rural USA for decades...most of the time it's perfectly fine...the point is to have it inspected by a professional...if the well is viable you should be good...if there is a concern, weigh the options the inspector provides...the $500 for an inspection will save you $20k to dig a new well...Water delivery systems should be on your list too...there are several options on how you heat water and get it to your tenants plumbing fixtures...I would be interested to find out how you are billed for public sewer...if the city is not monitoring the amount of water coming in, how can you be billed for water going out??

For many markets outside of the BA, this might not seem sustainable nor prudent. 

Is $215k a sustainable appraisal come refi crunch time?

I've wondered how he ever did sustaining such a loss without a possibility of recouping on those properties.

Till economically sustainable 2-3.