Since your mortgage is lower you can stomach a rent decrease and still have a better shot at staying cash-flow positive.2.)

Furthermore I believe the necessity to work in crowded downtown areas is only going to decrease as we become more mobile as a society.  

Anything is possible, however it's not likely for rates to continue decreasing, especially not in the long runThe pro of an ARM right now is that you can save a few dollars on interest, however the negative is that you'll be far more exposed to rate changes in the future.

When I decrease the radius to a more street to street basis I am surprised to find some great little neighborhoods.

If your ROI is greater than 8.75% and you have cash reserves to offset the decrease in liquidity, go aggressive and keep expanding (if allowed by the bank).  

This would greatly decrease the  number of no-shows (if they had already taken the time to complete an application they are likely very serious).A handful of our users are doing that since the application is online and can be completed in a few minutes.  

The good thing is if you have ownership or management experience you can be credited and this will decrease you rent.Hope this cleared up some confusion.

Florida is a promising state for real estate investing for several important reasons, including: 1) Florida receives an outsized portion of domestic migration from within the U.S. 2) Preservation lands restrict the availability of vacant land for future development, decreasing supply while demand continues to rise 3) Florida's population growth rate is more than twice that of the U.S. rate.

How is the decrease in price from the 2008 sale  explained? 

You're referring to scenario 3, pre-pay another 500 a month, Pros-Decreases Total interest paid 70K, Cuts the financing payback period to 17yrsAllows flexibility to not prepay the extra 675 if there is a different need for that cash.Cons-The original $175 that I am prepaying now is the positive CF I have from the property so any additional pre-pay is no longer OPM its out of our pocket.