Yes some of it is their properties have gone up in price to equity, some of it is they have paid some things down, and some of it looks like retirement planning as older more experienced investors move towards retirement and seem to value cash flow over numbers of doors.We personally like moderate leverage, but we are starting to think in terms of slightly fewer doors that are paid off in 15 years vs having as many totally leveraged properties as possible.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Anyone see any flaws to that logic (other than the obvious potentially dead furnace)?

I had a plan that if I leased it twice (4-6 years total) and it still didn’t go all the way to closing, then I would try and flip it for a quick payday.

I'm in warm sunny Florida so everything is outside: the well (obviously), the pressure tank, and the pressure switch.

That happened totally unexpected with having those medical problems but I am still hoping that that will pay off someday.   

Obviously the IRS could still redeem within the 120 days, but does having a new owner than the original purchaser at auction present any issues?  

My goal is to find a property that my family (myself, wife, and two babies) can house hack to cut down on our living expenses (obviously). 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Its totally up to you!