Investor-friendliness and having a positive, low-stress OOS experience go hand-in-hand. 3.

Only reason it makes sense is simply to not have the stress of another payment in my book.

One big expense or one bad tenant turnover early can cause a lot of financial stress. 

It is  actually more work and stress doing it in your backyard as now you are hands on, dealing with all the crap,  not a good idea....

But I work with a lot of investors, both commercial and residential, and most agree that having us do the research, backing them in the negotiations, having legal contracts drawn, is a huge stress relief.

Less stress and frees you up to concentrate on the important things!

Thought to post it here for “stress test” the idea.

You would also (potentially) reduce the stress of late pays with a better quality tenant.There is a third option: keep the tenant, raise the rent, and put them on a payment plan that ensures timely payment.Try this: Step 1: raise the rent $30/month.  

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

I would come out even if I rented the entire place to a family, would the stress relief be worth the loss of cash flow?