My dad owns a condo in Aurora where he has a having a bunch of issues with the tenant. 

The tenant apartently stated that he had no issues at the appartment mounting 3 TVs.

I’m thinking it wouldn’t be worth the trouble as I don’t foresee having any issues finding another qualified tenant.

I could adjust the rent but I personally am burnt out from dealing with everything related to this property.

I like Wilmington and have been a few times, but no investment-related knowledge of that area.

So far, he hasn't encountered any issues with neighbors or the County.

Moreover, three-quarters of all audits are correspondence audits in which the IRS sends the taxpayer a letter in the mail asking about one or two issues.

As an investor in syndications and a fund manager, I can see both sides of some of these issues.

Plus, @Chris Seveney mentioned that a lender might take issue with the transfer, which is usually their right (see the bajillion posts on "due on sale" on here).

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.