A core idea here is having a security interest doesn't also mean having a debt to collect. 

Reliant Real Estate, Inc. am a licensed Co RE agent and I do PM for some other folks as well.

From what I gathered, he was so upset he felt compelled to personally visit his tenant to talk.

I suggest reading this BP article on the core 4. https://www.biggerpockets.com/blog/core-four-real-estate-teamHave you looked into Ohio at all for section-8 rentals?

St Pete is a great booming market too, very well established core with a major influx into the City.I'll be out of town for Christmas break but PM me and let me know if you come down earlier or stay after New Years.  

You will be compelled to action because you why is bigger than the how.

This is a white box solution, you do not have to leave your core competency to do this the right way.

It may make more sense to occupy those core assets under long-term leases and use the cash proceeds for other purposes while leaving the risk of owning the real estate to their lenders.For some companies that own and occupy real estate, their financial success depends upon meeting the following objectives:•to make the most efficient use of assets •to obtain the lowest cost of capital •to focus on its core business operations A sale/leaseback (a long-term net lease transaction) may help to meet these objectives by: •realizing 100% of the current real estate value •monetizing assets at a low cost of capital •removing assets from the balance sheet •providing unrestricted use of proceeds for expansion, stock buy-back programs, debt restructuring, acquisitions and other core business opportunities shifting real estate risk•assuring long-term control over core assets

So let's look at that important 20%:At it’s core, a real estate investor generally focuses on two things:A nicheA strategyA “niche” is a type of investment property, like single family homes, small multifamily, apartments, etc.

Maybe the house cost too much, or they put too much into the renovation, or both… so they feel compelled to hit their target return on what should have been a more modest house/base to begin with.