At that point it seems logical to utilize a management company.  

Because I do not believe in the fairy-tale regurgitated stuff.I use logic, and data, and I think, and I find holes in rumors circulating around.

I really need to start developing some of this business logic into PHP scripts... unless someone else out there has already done this?

My logic is simple, I will have to re-rent it when the lease expires or re-rent it now and it will usually take the same effort to do it either way.To recover losses for the early termination will usual require a lawsuit (maybe small claims depending on the amount) and it is not worth the time and effort.

But the logic behind that is that 50% of the population does not have even $400 for an emergency.   

Getting off the beaten path in an area that is self sufficient seems like a logical move. 

Though as a logical person, I'm having trouble really believing it

@Michael Doherty I can see mowing yourself, and hiring out for snow removal would be logical. 

(normally 80% of Retail)And if you are willing to put some elbow grease even 70% of Retail comps.The logic is simple - The seller does not need to deal with the uncertainty of Financing, Appraisal, etc etc.As the values are coming highly skewed.

It seems logical they would have a life of 27.5 years with accelerated depreciation on fixtures etc and bonus depreciation on whatever we spend fixing them up.