It is nicer, and no work needs to be done except for cleaning the carpet.  

Exceptions might be properties within walking distance of the proposed light rail stations

Hi Gita, Thanks for the offer I may be calling you.Hey Dick, Yes I have two different company accounts and two different checkbooks.My problem is that all my sect 8 checks come in under the mgmt EIN but all the expenses they pay are the PROP owner expenses.So if $800 in rent comes in to a single operating acctand the mgmt pays $500 mortgage pymntand then pays prop owner $300The mgmt company has $0 income and $800 expenses EXCEPT$500 of what is paid out is really a mort expense for the PROP owner, and is recorded that way in quickbooks.So how do I expense that as a $500 payment to the PROP owner, and what do I call the $300 pass through payment to the ownersRight now, to me for the mgmt comp, it looks like$800 income$500 mort payment expense for owner$300 owner pymnt$500 pass through money paid out on behalf of owner-$500 netI know I'm missing something but I can't figure it out.Steve

  $24,000 +$36,000 = $60,000/ $400,000 = 15%That is an exceptional return and good portfolio management would say to keep it because you are making an outstanding return on your equity. 

@Ned Carey   I love Real Estate and the regional difference's  WE NEVER Ever except for very rare occasions have the buyer and seller in the same room or have the two parties actually meet.Title company schedules each at different times.

I do not know about the specific area mentioned here other than the news stories.What I do know from talking with lots of investors is that the cold and rust belt states except for urban core in a lot of instances are dying off.I see many retail centers going dark, home values falling, older generations are migrating away to warmer climate states.I am sure there are some absolute gem areas in the colder climate states with pockets to invest in.

Wait until you have more experience before you start trusting your gut or making exceptions to a solid rule.  

There were exceptions in saying that offers would only be excepted this day at this location, and the owner would decide on which offer he would take.

Our company buys short sales in all 49 states, except New Mexico.

If not, why are you making an exception for this tenant?