Further, it would cost you 4 weeks of vacancy to move the tenant out, freshen up, and find a new tenant meaning you eat a month's vacancy.By keeping the tenant, you avoid that cost. 

If you're talking about investing out of your area, the low priced market may eat your lunch...

I would also be careful to make sure the HOA fees are not going to eat up all of your cashflow. 

I'd rather eat a little cost up front than be stuck with a bad tenant.

Eats your profit alive. 

But rehab eats up time, and our supply of that is rapidly diminishing.

Mass and Maine both mandate it regardless of financing.Toddlers are known to eat paint chips too. 

It seems there’s something about the home inspector mindset/ knowledge base/ “knowing too much syndrome” which begets an aversion to owning rentals... sort of like the butchers I know that no longer eat ground hamburger meat...

You don't go to McDonald's and ask for something to eat!

That's a real elephant to eat.