The rentals are paying the holding costs on it so far (taxes and insurance are high in this market).

every person who builds a house or a commercial building has to do so with 25% equity to get it financed with a bank. there is absolutely value in new construction. the hard part becomes making sure your architect knows how to design a building that can make money. but saying you don't know how to is a little silly it's the same idea as existing but ground up you just study the market and look at land more than you do anything else. you can build a house anywhere but you want to do it in better areas. it's either than or higher density's smaller floorplans, etc 

I was lead to believe this gave the PR the license to sell any assets and pay beneficiaries. 

Just make sure you are using a quality agent and good boots on the ground knowledge.

(Increased rates and loss of discounts on all policies, not just this one.)You’d be better off raising all your deductibles and using the savings to pay for your floor repair.

A paying tenant isn't something to discard too easily.

It is suggested that  "Small" landlords use a collection agency, who will report the non-paying tenants to the credit bureaus.   

Marcus,If you want more exposure you can list it on the MLS, and you will have to pay a fee to the agent that brings you the tenant then you will have to do a credit check and background check yourself for each applicant however for my clients I prefer to list it on Zillow rentals only, because I can manage the applications directly from there and the prospective tenant only pays $35 application fee once and can apply for different properties with the same application fee.

Short answer - tenant pays.Long answer - landlord pays because tenant has no money to pay that's why they are on section 8.

If they pay everything cash why do they have a low credit score?