You may to buy them but getting a state/city specific lease that is reviewed by a lawyer is worth the cost.

But, like everything in lending, when you "risk layer" the rate/terms are usually a little worse.

Unrealized equity is nice, but doesn't really do much for you except make you feel good when you tell someone how much equity you have.

Personally, I would keep the property but I don't know your situation and if you could better use the money elsewhere.

I figured the term would be exclusively licensed but I may be mistaken. 

If you include a low-maintenance marketing plan into your vacation rental, you’ll attract high-paying guests without constantly grinding to fill your calendar.I’ll get back to that in a minute, but first—let’s talk about your reviews.

We were not interested in the initial asking price, but countered with a much lower price.

What Nathan said.You are following the red herring of the (real or imagined) roach problem, but the tenant just told you they cannot afford a $35/mo. rent increase in an under market rent apartment!

Hey Matt,We have definitely had a dip in demand and it has been harder to find qualified tenants, but we have attributed it to the seasonal ups and downs. 

I’ve previously used my equity line, but I’m in the middle of remodeling and can’t use it now.