Anything that appears to be a health or safety hazard on a potential property needs to be repaired BEFORE  it qualifies for financing.2, sellers usually are willing to make/pay for minor repairs such as chipped/peeling paint, cracked windows, exposed wood or things of that nature.

Evict, light rehab and then put up for sale or rent at market price which I would hope is higher than 12k.

I had a 48 unit bldg with no power for 4 days after high wind almost tornado storm.. it was summer but the heat is almost worse,, we ran extension cords with generators to light halls and tenants just realized we were doing the best we could..

Part of that was the market naturally.

Meaning you rehab the space with new or renovated HVAC, plumbing, lighting, roofing etc.

Nothing huge, but still positive.I would then purchase another home but would need to downsize quite a bit, which I am not super worried about.Option 2:Sell the Oakland houseBuy another primary residence (reaping the tax benefits, naturally) spending about the same as in Option 1Buy a different investment propertyWe have a slightly bad situation with the neighbor and although I don't think they would turn out to be a problem with renters, there's a part of me that doesn't want to keep dealing with the neighbors if I don't have to.Thoughts?

thanks for the response Chris, I was in total shock when this came to light.

I have spent $50,0000 upgrading the home to current, high level finishes, addressed any noted safety concerns by my licensed electrician,  and they signed for home accepting as is.The email was aggressive in nature with no real actionable items or specific concerns other than "GRAVE DANGER". 

However, I wanted to get opinions on painting brick vs leaving it natural in terms of resale value down the line, because there is no going back from painting brick.

Hi BP,I wanted to share the questions I find myself searching the answers for in hopes you guys can shed some light for a small investor making his way into the Multifamily space(25-100 units).