with the current crop of folks that think no equity or negative equity is OK no ability to rescue them with loans...

I don't think there's a reliable way to come up with an exact dollar amount that everyone can just plug into their situation and be 100% safe. 

Landlords always think the worst (and it can be true), but sometimes people go to the hospital, die, or have things to deal with.What has your relationship been like to-date?

From a cash flow perspective, you’d really need to think long and hard about the cost of leveraging these properties, especially in the current rate market.Yes a bigger purchase price might mean a greater potential of higher gross cash flow and appreciation, but that cash flow might get eroded fairly quickly if these moderate interest rates are here to stay.- REI CPA from CA

I think I had tenant move out like 2-3 months too late. 1031 wise, do I have to rent it out for 2 years in order to avoid cap gains?

I think in Indiana if you want to collect any damages over $1,500 you will need to get a lawyer.

@Eric Lind I think they made a mistake.

I think it would work well for a small place.

I think it is important to find someone who has been in that market for a couple of decades.

Generally, I would think that commercial real estate (especially B and C class industrial/warehousing) would be less averse to the close train proximity then residential.