*Most* of the time it is better to start off investing someplace you know intimately than picking cities out of a hat based on statistics you read on a screen. 

And then write this family a check every month as a refund for the difference until find a better use for the money like your own family, a charity, or the poor.

still much better than cash tenants. 

Looking to switch so checking this thread for better choices 

However, if he’s not fine with it and expects you to honor the terms you agreed to, maybe plan on honoring your word but on a short-term timeframe, planning to sell and move on and make better decisions with the next one.

You’re much better off keeping them in there.

If they can make 7% in the market, you need to do better than that otherwise they should just start in stocks. 

The first insurance company fell through but another one came along quickly and this one worked out even better!  

My thing has always been to buy properties that are slightly better than average in location and condition.

I think everyone would have a better sense to give advise if you break down what the current numbers look like.