But with the strong market it is right now the tenants didn't agree to the purchase price the landlord wanted to go with on the first right of refusal.

Factor in the possible replacement/repair costs and if the numbers still work out, the property matches your crystal clear criteria, and it looks like it will be a strong profitable deal, then take the next step - Otherwise, let it go.

You can always continue to learn, watch, and expand your network within the business.I believe Utah's market will remain strong for at least the next 18 months, anything beyond that is too hard to predict.

In the future I will set strong ground rules with my rental properties Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

He or She must have a strong presence in real estate of course. :) 

You will need to keep 20% equity in the property to get rid of PMI (which I would strongly suggest) but that could restrict the amount you can pull out.  2.

Who is your lender/financing and how strong is that piece?

In my opinion I would strongly suggest house hacking a 2-4 unit building.

Bailey you might want to consider Texas as it's nearer to you and known to have many strong markets, likely within driving distance of the larger metros.

They were probably great investment properties to begin with, but have seen strong appreciation.