@Frank BorzenIf you have any interest in getting more than one.... just get the big one and don’t waste your time or closing costs.

That minimizes your vacancy.

It went fine, depends on your company but mine allows the standard up to $50k loan, minimal paperwork, 2-3 business days funding and only a $100 admin fee.

Any tactical suggestions on what he and I might do to minimize or obviate the tax burden vis-a-vis a 1031? 

There's no need to waste time and energy trying to train a problem tenant.

Should I even waste my time and money paying appraisals etc or just walk away?

Again, and as always, our goal is to minimize your expense as much as possible and everything is documented.Here is the response to my question about placement fee refunds:Pertaining to the new tenant placement fee, is there a tenant guarantee?

From personal experience, self-management is a tornado of lack of experience, emotional calls and wasted time.

---We came back to the table with a quick closing, minimized burden on the seller, and aggressive negotiating tactics which not only won us the deal but also allowed us to acquire this property FAR below market value!

Losing money on the deal is a reality but we would like to minimize the loss if that is our actual scenario.