If you ban pets altogether, you have no choice but to file for eviction after a notice to cure, or not enforce that part of your lease. 

We try for everything we touch to be "mutually beneficial".

So you are thinking if they leave the lease agreement early then we will have no choice but to find a renter to replace them, instead of a buyer, as we would have if they stayed until the end of the lease agreement?

besides a potential source of income, if you are buying properties in any capacity ... wholesaling, fix and flip, buy and hold, etc. it could be very beneficial.

Not our first choice in neighborhoods, but the schools are top notch and it's a very safe and comfortable place to live.

I wish I had better choices near me, especially when our tenants are driving us crazy.  

I plan to do one next year (refinanced out of my prior FHA on 4plex) for another 4plex that better suits my needs and neighborhood choice now.

You made a great choice to jump in!

We are in a similar situation with a property and although we would be making more (closer to 25k after all costs/fees) we have decided that having the liquid funds is more beneficial then the small amount of cashflow we would be receiving.

Although it's not my first choice, I have purchased a property while on a business trip abroad.