We've missed opportunities too when we didn't have things in order.These are painful moments.

It would be interesting to know if oil was to stay under $50/barrel for a prolonged period of time, if there would be additional layoffs in the sector or if most of that pain is behind us.  

I was thinking to suggest it, but not sure is worth the pain of putting in small furniture, get showings in a house rented etc etcThoughts?

It's called a Sheriff auction because in some states (Philly,PA in my case), the Sheriff manages, conducts and holds these foreclosure sales.

The property is located in Philadelphia zoning so dealing with that municipality would be a pain, but definitely worth it.

And I'm in California as well, so I understand the pain of commuting.

But, long distance management is a pain for me and the cost of professional management is prohibitively high for student rentals.In terms of cost of BRRR in Toronto, yes, it can get pricey.

I understand your pain, but when you forget the "real" part for a moment this game is all about tying up as much money as possible in self eliminating long term debt.

It's really a huge pain in the butt.As far as discarding, there are services that will do it for you.

The risk does seem reasonable, its just a pain if you have to start getting people out right away.