Your tenant is nuts.

It's pretty nuts all this advice is free!

Thanks for the input and a good idea but unlikely fruitful enough.

The property can be ready to tear down but they don't see it because they've poured so much money into it over the years or had such high expectations.There is lots of lower hanging fruit out there, ie folks who do want to sell, so don't waste too much time trying to convince folks who don't want to do so.

I am so looking forward to building a fruitful relationship with a good company.  

So a few tips from some experienced investors would be greatly appreciated.Here’s the situation in a nut shell:Properties: (I would say Class B to B- in Gainesville, Fl.)1: $177 monthly cash flow, property value $20k - $30k, owned outright2: $240 monthly cash flow, property value $25k - $35k, owned outright3: -$119 monthly cash flow, property value $35k - $40k, $25k remaining loan (my 1st REI mistake)4: $210 monthly cash flow, property value $55k - $65k, owned outright5: $164 monthly cash flow, property value $20k - $30k, owned outright6: $242 monthly cash flow, property value $60k - $70k, owned outright7: $242 monthly cash flow, property value $60k - $70k, owned outright8: (3 units not a triplex, these are totals) $44 monthly cash flow, property value $150k - $180k, balloon payment due in 2017 for 25k & remaining equity loan on properties 6 & 7 $65kSome scenarios I’ve mapped out:#1- Sell ALL!

This deal may be a particularly tough nut, though, as the margins are paper-thin...it has 5 years of back taxes totaling about $7k and it's eligible for the county tax auction next month (of course just because it's eligible doesn't guarantee it'll be in it.)

It's nuts to be in a position where you can "throw away" 130k of renovations because your market has changed so dramatically in 12 years!

I'm finally at the point where I am ready to start taking the first step in a hopefully very long and fruitful career.

Hope your beginning experience is more fruitful than mine, though mine forced me to be the best buyer I can be today on my own.