I will explain your options and do an informal Foreclosure Prevention Analysis based on you and your homes situation and let you decide what is best for you!

It has four columns; Description of Risk, Probability (High, Medium, Low) , Impact (High, Medium, Low), and Action to Prevent/Mitigate Risk.

I would sell at a tiny loss to prevent the generate of $700 a month.

But it will likely give you the best shot at preventing the leak from getting worse as most asset managers tend to move a bit slow when it comes to maintenance updates on hud homes.....

If I make a cash offer for an REO, does that prevent me from getting financing from a bank prior to closing?  

That will prevent the vast majority of what most people call the "headaches" of landlording!

A few were removed allowing the option to stand, another subject but I never had an issue with an outstanding option, they expire and it doesn't prevent me from leasing or selling as most investor believe.

I feel safer and therefore don't have a problem "actively" managing my house*Buy Out Lease- It prevents the tenant from just "breaking" the lease as they have skin in the game.

Full on Preventative Measures are the only cure as we know it. 

I can't think of any possible excuse that would prevent me from presenting an offer to a client.what a bum.