I’d give the tenant 5k to decline his option.

(best way I can put it)  A family member with declining health has lived in this all of his life and has been the only resident since his mother passed away over 30 years ago. 

Was there a decline in rental income? 

In any case, I declined the out-of state opportunity over the new year, and then had a snowboarding accident which put me out of commission for a month in January.

According to the data, Detroit and its suburbs has been having a decline in population in the last 60 years.

Watts will not improve, like a neighborhood like Echo Park, but it won't decline either. 

A lot of people did that, that added to the acceleration of the decline.  

And for SFR's you're not likely to find a lender that will do asset-based lending, unless you have a portfolio of them that you could do a blanket loan on.Hey Marty, my major roadblock is our taxable income, W2 income declined compared to the previous year (wife out of work due to baby and starting of an additional business), we took a lot of deductions for 2018 tax return and the income from those deductions will only be on the 2019 return. 

If population is declining in the area where your current rental is you are essentially trying to catch a falling knife because you don't know when or if the population loss will stop.

First lender declined.