I am leaning toward number 1, but want to know if there is a clear upside or downside to these choices that I am not seeing. 

Randy  I dont think most folks realize the points our making  I have had 3 attempted suicides in homes i bought at auction or pre auction one successful and that was a vietnam vet who I let live there rent free for almost a year I would talk to him twice a month asking him to please move on we cant let this go on.. finally we had no choice but to do a FED and he still would not more when the cops came to escort him out.. ( and my secretary was there ) they opened the door took a look at what was on the kitchen table told my staff person to go get in her car.. found in him the back yard suicide by gun.. there is a very grimy side to foreclosure bizz.. but I 1000% agree with you.. that the homeowner if its an owner occ deal is going to be extemely emotional irrational violent etc etc. this business is not really a beginner business..

That desperation leaves me no choice, really.

At that point, I have to choices, I can rent the property out or sell it.

@Landon King Maybe Tellus is your better choice.

This is totally your personal choice.

You really have 3 choices as I see it:1.

My properties will go to my kids to sell when I pass, they can do what they want with the money, it will be somewhat tax free for them ( PA has an inheritance tax). but to retire, IDK, depending on what you want to do and your life style, PA does have a lot of choices of life styles, the town I invest in is a nice small town, like I have lived in all my life, but don't know if I would retire there.

And that is fine, as long as they have no choice but notice that your mailer is about buying houses in cash! 

If you decide to continue to give these tenants a $400-500 break on their rent that’s your choice.