I would not pressure your Dad on it if he does not have a passion for getting into it like you do.

We're getting pressure from family to get rid of it and get them paid back. 

This will take away the pressure for him to delay closing until he identifies a replacement property.

I viewed the deal as a wash or neg cash flow the first year, but flowing after that.

It's not like we were pressuring him to give a definitive answer right away.

Needless to say, their income wasn't always guaranteed and was always supplanted by some sob story about how they had to send money to parents, the dog was sick, etc.A long story short, I think the gentleman had a bit more pride than the young lady and started to feel the pressure of missing payments.

So if you aren't paying any title work costs other than your recording fee (which goes to the state/locality), it's probably a wash as your total closing costs don't look unusual to me.

Other than the obvious laws of supply and demand, what other economic forces put pressure on rent prices, both up and down?

Instead of thinking: "There's no pressure, this is a retail-price deal, I can get them all day long on MLS."

You maintain a high income, you have no pressure to impress for success and you can coast through the daily grind without allowing your job to interfere with your true interests....investing.