Don't make emotional decisions.

Hi Tessa,Maltipoo dogs are cute...but that should not effect your decision...but it might.Good Luck!

I hope this helps with your decision.

I reach out to the tenant a day after I dropped it off the notice to allow them to cool off and make a decision. 

To me this feels like purchasing a car from someone, then the DMV all of a sudden says "Sorry, we were under charging the previous two owners the incorrect registration fees for the last few years, you now owe us thousands of dollars."

He has a history of making poor financial decisions. 

BP members constantly write posts saying they don't want to be bothered with day-to-day management and I found that having a PM was far worse than doing my own management because once I hired my PM I threw another 'Iron In The Fire', 'Threw In Another Wrench', or whatever you call it because now rather that dealing with tenants and resolving tenant issues in one quick move I now had to personally humble myself to dealing when a 'Fifth Wheel With Even More Moving Parts' and the decisions my PM made in regards to who they rented to and how they cleaned rentals BEFORE TENANTS MOVED IN was super scary and the damages caused by the PM resulted in costs of not one penny less than $8,000 to clean every house when a tenant moved, one house cost me $12,000 and a house in Idaho cost me $32,00 to clean and repair only the damages caused by a tenant who lived in the house for only 3 years with the exception of my costs to trim some trees.

Some investors with lots of experience / risk tolerance / cushions are able to make decisions about properties without seeing the inside - this is more common with houses being sold at auction for example. 

You should not base your decision to purchase a property based on the marketing package from the broker because what is more important is the ability to manage the property better, increase the rents and when you increase the rents you  immediately change (increase) all your profits almost exponentially.I keep telling this story over and over for the past few days on BP.

I decided that 10% and retaining cash was a better decision than suffering a relatively small PMI expense.