I will also emphasize the importance of keeping at least 5% of your gross rent income and allocate it toward emergency situations each month. 

@Daniel Han -  So there are essentially four parties in this situation. 

I was looking for more of a meetup type situation with some like minded people, freely sharing information.

Make sure you get his idea of what situations could require a fee.

The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

Step back, take in the situation around you, what peg's do you have, what hole sis there, what is there that CAN be connected. 

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

It's dependent on your situation. 

Situations make deals, and there is usually a story to tell as to why a property has been sitting.

@Marcos CarbiYou're not looking at this situation realistically.