A lot of rent control and eviction protection... you may not be able to evict current tenants or raise rents to market levels. 

@Christina JohnsonWhat he means by non-disclosure is that the county that controls property taxes (ie the government) isn't given the details of the sale of a property.

I know some things out of my control are possible like evictions or misc repairs.I'm also kind of nervous because the building was built in 1898 but the two 2-bedrooms have been completely renovated.Also, another thing that is making me nervous is their counter.

Hello my name is Jenna .I was working at a car dealership 12 years ago when the owners decided to build a commercial real estate portfolio and get into other businesses then just the dealership. I stayed and managed a...

I was a PM on a property which sold sight unseen, for $50k over asking ($650k), to people from California.Anyway, when we got shut down, I lost all my STR bookings in two days.

For one, you have more control and the ability to be more agile by not going the turn-key route.

We count on 3 mo. holding costs for ratification however the court controls the time line for ratification

Escrow lost is better than paying for a liability?  

If you find one in one week, you can only hold the terminating tenant responsible for the one week of lost rent income.Negotiating a win-win is more likely to put more money in your pocket and keep everyone happy.

Refinance may be easier since you are now in control of the asset.