Individuals with experience in this area of the market, fellow investors (equally new or experienced), lenders, and other avenues of gaining information/networking are more than welcomed.

So, the NOI + Capex + Vacancy as a percentage of Gross Rents would equal about:$38K / $78K,Which is around 49%. 

I know for a fact in 10-15 years (at most) the same will happen to the community where I have the rental.I honestly do not want to cater to people who never take care of things - yes, I realize not every subsidized tenant created equal, but I have a lot of LL friends who tell me horror stories.

Truly an eye opener when my first house was purchased for 225 and sold 18 mos later for 475k...of course I did it again and within 36 mos had cash reserves equal to 3 times my net salary over the same period.  

Second, if I'm sitting on an application that would be acceptable if I trusted them, but I don't trust them because of lack of SIN, then another application comes in that is equally acceptable but they DO have a SIN - any beef with me picking the guy that I trust more? 

That is why I think if I kept this rental, I could be posting on here 5 yrs from now and the equity gain would be either less than current or equal.

Then a fee equal to a month to place.

As Don says, Assets minus Liabilities equals net worth.

Of course, I can just as well.Alternatively, @Dave Foster and @Bill Exeter are both equally as qualified and reputable. 

Assuming all things are equal, I would go with the more expensive property since I will likely be 200k wealthier after 30 years.