Landlording, in my opinion, is a new trade or business that requires different skills than needed in a rehabbing business.  

Are you looking for emergency housing for a few days or something more on a permanent level?

So if you do a lease, I would recommend doing something short-term so that in 5-10 years you can trade in your then-obsolete technology for something that could save you some real money.Can't comment on how it would change people's willingness to pay for your property.

Maybe your market is $30k and you have that laying around (on top of money for repairs and an emergency fund for Murphy), but I don't. 

However Jon and I have traded emails about previous comments he has made on BP. 

I have an LLC and 2 trade lines attached to it as well as a business bank account I've had since January.

We must look at investments differently as the recession recovers and changes the ground rules for buying and selling as well as what segment of the real estate market is emerging from the depths of despair.These turkeys are a constant presence and they seemed to breed especially forcefully in tough economic times.

Yes, it's an extra step but makes sense when you realize that they are trading some inherited equity for a house the buyer did not originally pay for.This example is for an inter-family buy out transaction.Alternatively, for a BFP arms-length 3rd party buyer, the buyer's side is very straight forward.

Investigate a Living Trust:  When all trustees demise, the property flows to the beneficiaries and if properly handled, they inherit tax free and the current FMV.Selling at 5yr vs 10yr is the trade-off decision for Depreciation Recapture, which means you get to pay for all the depreciation during your ownership. 

But I thought I might be able to help ease your concerns regarding some of your listed cons.  1)  Stockton actually filed for bankruptcy protection back in 2012, and as of February of last year (2015) they've already emerged from it.