I'm leaning towards the lighter one but definitely want to get these gray walls under control.

I am leaning towards going for it.

In many states with liberal leanings, it may be very difficult to successfully evict based on a lease violation that does not include non-payment. 

@David JonesI don’t think there are any studies that lean one way or another.

My biggest concern is finding the right tenant who qualifies and meets my standards, theirs is getting a body in the door so that they are no longer responsible for rent.  

Straightened a leaning garage.

It’s almost done now and I’m leaning toward just getting a Loc on the property instead of a cash out finance loan with the way rates are going and if they drop back into the fours refi-ng.

I am leaning towards option 2, with the idea that I would be able to re-coup much of the extra $200k I pay in interest at the sale of the property.

If you have enough reserves to get you through the lean times, you could do well.

I think leaning towards monthly cashflow keeps my spouse more interested although she really doesnt want to be involved because she doesnt want a "second job".