It's time consuming to chase down tenants.

The rest of the country could have used folks like you chasing off the folks selling no doc, no money down, interest only loans to immigrant families.

Better to take the reduction now to sell then chase curve down to where you can't sell anymore.

Lots of valuable time can be wasted chasing money that does not exist.

On top of that he's had to do cash for keys already for previous renters, took a hit on a month's rent for one unit and is chasing rent checks in one of his two rented units, so it's no cake walk getting paid or turning these things over either, from what I've heard.Last, because of all this frustration he wants to turn the property over to a management company.

Would you classify chase or someone like that as 'local'?

It was such a refreshing change of pace to go from fighting against hard competition with SFRs (the kind of property everyone and their mother is chasing after) to land (where you're basically the only player in town).Choosing the right niche really does change the whole game (I probably wouldn't have gotten anywhere if I hadn't figured this out early on). 

Ambulance chasing attorneys know their way around and can legally navigate around Insurance Policies.

@Ryan Sanders so if you chase cap rate you will end up with junk properties in war zones.

Ambulance chasing attorneys know their way around and can legally navigate around Insurance Policies.