What you really build with rentals is equity - but also as you have discovered you can’t eat equity.

i've started to think of my rental income as one component of my financial portfolio. 

On the supply side, you discover that most of the condos have been sold to the agent's clients who fell for the same pitch and so they will all be put on the rental market.

Our friendship initially developed through non-business-related activities, gradually evolving as we discovered our mutual enthusiasm for entrepreneurship.

Does not cashflow great as my other long-term buy and holds but got some build in equity off the deal and property is located in a desirable location making it a great component to my overall portfolio.

@Kelly Farmer  As a sign of good faith I would be willing to pay your $800 water bill that was mistakenly put into your tenants name by the City (not my team), in addition to that we will recoup you $800 for the mold that the inspector discovered in the basement of your 99yr old property. 

The attorney then wanted to charge me another $1,500 to continue my case in April.Afterward, I discovered a company called "evicthemforme.com," which charges $260 for basically the same service.

They don't necessarily break down all the components and then charge you a fee to manage it, etc.

The Committee makes no warranties, either express or implied, concerning the property’s condition, and no adjustments will be made for any defects that may be discovered after this date.

That rental money reinvested into these value add components should theoretically have a 3-5X, or more, return.