We all know how easily statistics can be massaged to illustrate any point a person would like to make.  

Picture a tenant with their ceiling caved in, calls the city to get code enforcement to harass you about that repair, you finally find someone who can do the work and is willing to show up and then the tenant refuses access to the repair man.

@Junseok Choi I don't know where you are from but my advice would be to travel to the US and visit the markets you are interested in. Call

I like 10 year fixed debt because you have almost a full average cycle period to decide at what time you want to sell or refi a stabilized asset.I do not believe in massaging debt with 3 to 5 year lower rates just to make a property pencil.I have bank lenders that act like CMBS but are not CMBS so you save on legal costs but they will do in many cases 10 year fixed in the mid 4's at 65% to 70% LTV with a 30 year amortization schedule for retail center properties and 100% non-recourse.

I bought a place 2 years ago in my name. my girlfriend of 6 months decided to move in. Call

You refuse to see that even though I may be on my bike or on the train, I like the benefits I'm getting and that someone else might.You may want to buy stocks or spend it at the strip club or whatever, but in my opinion you get a guaranteed return of [keeping all your money and getting another dollar for every dollar you put in]. Call

At the same time, I really like @Brent Coombs statement... walking away is fine if it doesn't work.You shouldn't massage your numbers to make a deal that doesn't exist.If you are comfortable that $135K in repairs is what it is going to take, then use that number!

If you had inherited 500k cash and had an opportunity to buy a tax advantaged property in Cal would you choose that or to invest locally?

Your SFHome or apartment isn't zoned for business,, if they have anyone coming to residence for that purpose,, hair cutting, tattoos, tax work,massage parlor, drugs, or daycare,,,,,, its gonna be a issue..  

Inspector for said organization gives us until the end of the month to repair the unit and get the tenant back in. Calls