A couple of things to watch for that can really kill your cash flow would be high property taxes and excessive water use or water leaks (since landlords usually pay the water bill on multifamily properties).

This includes taxes, insurance, maintenance (which is mostly caused by tenants), property management, utilities (at least when vacant), make ready costs, legal fees, CPA fees, eviction costs, tenant damage in excess of deposits, etc.

Now that our sense of entitlement and excess is being threatened people have a problem?

If they don't have enough money to pay your somewhat modest rent, they probably don't have excess money to make installment payments to you.Although they might get to a better place in life in the future, in which case you might actually find that they pay on a judgment.

If I sell now I would wait patiently and rent for about a year and see if I can:1: Capture another solid deal on my home2: Purchase investment property with excess cash to Buy/Hold, Fix and Flip, or Rental Any thoughts on what you experienced RE individuals would do? 

I should point out that Michigan has had an excessively wet year with a lot of snow over the winter, frozen ground late into the spring, and a healthy amount of rain the last few months.My property manager is telling me the flooding is a significant problem, and that I should take action. 

My observation is based on selling excess solar panels (container left overs from Sampson county solar farm build,) primarily to off-gridders.

Tenant will be responsible for utilities in excess of $478 per month (230 divided by .7 + 150). d.

The downside is that they can often have excess moisture & are usually seen as gross when you are looking at homes built 40+ years ago.

Sometimes it is justified, most times it is excessive and instigatory.