in Oregon they just went through this exercise and at least for now it did affect values.. with buyers slowing way down and offers when coming in way low as new investors don't know how this is all going to play out.. 

, you should first do this exercise: ask yourself/spouse if you were to add a monthly payment to your bills right now - forget about what it's for - how much payment would make you uncomfortable? 

Seattle is one of the 21 cities where renters represents at least half the total population living in households.They could vote to live for free for the rest of their lives if they wanted to.Seattle landlords--your customers are exercising their political power (or it's being exercised for them by those in power for their own purposes).The people in Seattle's government have made it into an "Illegal" sanctuary city set on harboring have-nots from other countries.When the Have-nots outnumber the Haves things like this happen.Then when things like this happen and the area's turn into slums due to inadequate cash flow, they will further plague landlords calling them slumlords and cracking down on them.This just seems like part of a much bigger political issue (and possibly a way to make their sanctuary city more attractive to who they want to draw there to live).

Or if there's enough for cash flow, just as gracefully staying in until the option is exercised or finding another tenant-buyer if it's not.

Then look online for a gently used one.

This thread has convinced me that gently-used or almost-new is not the way to go!

I would exercise that 5% Vacancy amount and brace for impact while letting the tenant know that his obligations are within accordance with his lease.

I'm gonna exercise & eat healthier/less. 

What a futile exercise.

Should I keep my license just to have this accomplishment when not exercising it?