If you wait too long, you will lose the deal.

@Nathaniel Hirschler don't lose hope, this too shall pass, very few of us breezed our way to where we got to, keep your dream alive, keep knocking doors, keep seeking, somebody, somewhere will say yes to you.

You are going to lose by forcing them to leave.... 

You may not find tenants for a few months during which time you will lose up to $5000.  

I know this is RE 101, but worth the emphasis when looking at renovating and managing property in older neighborhoods.  

Again, I don’t put much emphasis on market appreciation because it is not controllable.

It's nice just sitting back and collecting interest instead of running around meeting with sellers, contractors, title companies, etc.Yes i found this a very natural progression for many investors.. almost all start out with rentals.. and over the years they just burn out of them.. but want to stay in real estate understand real estate and then morph to the debt side instead of the equity side.. but believe me when a loan goes bad you do have your work cut out for you.. and you can for sure lose money.. 

If you delead, and maintain the standard, you will be in the clear.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

You don't want to buy a house in the wrong location and not see an appreciation, or worse, lose money.

Don't give the properties to them before your death or they lose the stepped up tax basis.