It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

So I had to pay the fence contractor to come back out and redo that section. 

I guess my question would relate to the wisdom of pulling the trigger now and paying more for a property that could well be purchased for significantly less in another 3-6 months or maybe even longer if the down trend is expected to last a few years.

Would rather hold to collect rent with depreciation write offs and build wealth than sell to pay capital gains 

The lease of this non paying tenant will expire before that in June.

I looked at Lightstream as well, and am wondering if it'll work as cash to pay for the land if I get an amount to cover it? 

My target is Class B neighborhoods at the moment.Funny enough detroit is in the list of areas I'm researching but found out pretty quickly that I'd need some solid connections and boots on the ground for neighborhood information.

Do what you need to do to buy a property that pays for itself (including reserves, maintenance, etc.), and then hold onto it.

I am paying mortgage for all the rentals from business accounts.

When they fail to pay in full, give them your state required default letter and take them to court.