My one experience as a landlord didn't go well. I'm too soft-hearted for that business, but ended up with a house I couldn't sell after the housing market coll

My one experience as a landlord didn't go well. I'm too soft-hearted for that business, but ended up with a house I couldn't sell after the housing market collapse back in 2008. Had a single mom move into my rental house. She missed rent a few times, but I always gave her time to make it up weeks later instead of doing what the law allowed and serving an eviction notice with a 3-day limit to come up with the rent. She ended up letting some loser move in and they proceeded to trash the place together by running a rabbit breeding operation out of the house. I should have just done a short sale at the outset instead of "doing the right thing" and holding onto the property for 5+ years and having to sell at a loss even in a strong market.