The inspection will highlight everything that’s wrong with the property, and it’s vital to fix these issues first before tackling cosmetic updates.4.

Or another equal property at $1,500/mo?

Sticking to target margins during negotiations was vital to preserving investment value.

Sticking to target margins during negotiations was vital to preserving investment value.

Sticking to target margins during negotiations was vital to preserving investment value.

Just suggesting that regionality still plays a vital role in how we make a living in this world. 

While I don't deal with HUD, I deal with human services caseworkers all the time.HUD is not going to view the landlord and tenant as equally culpable, in part because of the perceived power imbalance.  

Equally, I’m thinking it’s a smarter choice to stay in the condo due to lower interest instead.

Particularly for luxury or higher revenue rentals (let's say above $75-100k in gross annual revenue) a 25-30% management fee equals a full time  employee wage/salary.

While you clearly don't do that, it does introduce ethics into the equation and clearly not all managers are created equal.