I suppose there is value in a mass market, or "shotgun" approach to marketing, but you'd better have a big budget for it!

I like the targeted approach, only talking wholesaling nothing else.

Yet, as a team, each brought something very valuable to the table and were a very power and successful force.

Long story short, I eventually landed some big clients through brand repositioning and new marketing and sales approaches.

Everyone has a different approach and way of doing things.

Welcome Bob.Your question as to gross rents to collect could be anything like $120,000 to $2,000,000 or more, that isn't the approach or question to ask as it depends on many factors.

Here is a link to a recent thread that had a similar discussion:http://www.biggerpockets.com/forums/52/topics/90868-early-termination-situationThe "let them go amicably and find a replacement" approach makes sense for difficult people like this, so the penalty becomes the only point to consider.

The other option no one has brought up is you can get into an area that has high rental returns by investing with someone else with a strong track record.

Maybe flipping homes is where it's at, but my work schedule may hinder me from performing well in that approach.

Even in a higher tax state at say 4% of value (I think only the no income tax states like NH and Texas approach 6%), she would have had to skip her taxes completely for at least 5 or 6 years to owe that much.