I'd prefer to play it as safe as possible.

Personally I'd prefer a single family over a condo just because of the control aspect and HOA nuisance. 

I definitely prefer to be an asset and not the kind of small business person that doesn't enrich or contribute. 

For some people, it is a preference thing and that is fine too.

We have passed on deals where a modification would have resulted in to low of a return for us, we prefer not to be in a situation where we HAVE to evict someone to make our target return.

I definitely prefer this option as the whole point is to get built-in equity.

This is the preferred strategy since it incentivizes your PM company to fill it as quickly as possible so they actually start receiving revenue from your property.

If you prefer less risk and immediate income, then paying cash could be the way to go.I like that- both sides of the coin.  

Additionally, I prefer to receive the termination amount BEFORE the tenant breaks the lease and moves out.

I am so frustrated and saddened this person did such a thing but was told that If I sell the property, which I prefer to do by seller finance, the code enforcement cancels.