As an owner, you have a big fat target on you, because tenants think suing is a way to get rich.

The answer is big fat ....NO...to his request. 

I'd actually find a property in a neighborhood under-going revitalization such as Edgewood in DC that will likely be a lower cost to get in and show faster appreciation. 

The Real Estate industry overall has seemingly changed overnight.The fact is, our industry has been undergoing a shift for some time now.

I cannot speak to the impact to local businesses, but of all my rentals, the ones I am least concerned about are the college rentals, which have, along with almost anything associated with higher education, had a fat enough margin to survive far longer than a 1-2 semesters of unexpected vacancy. 

And no you don’t have to hit a home run, but Warren Buffet talks about waiting for a fat pitch.

Happy to advise if you need any pointers on where to cut the fat.

But for what it’s worth, based on the limited numbers you provided, the deal sounds pretty good. this happens all the time with the folks that set up self directed IRAS the big custodians just drag their feet letting the funds go.I would be more concerned about the deal.. that one sounds kind of wonky.. small towns ( commercial) that could sit vacant for a long time and this could be a big fat white elephant so..

I live in an area that’s undergoing major gentrification and I really want to be apart of rebuilding a community, while staying true to the people that are currently living there.

I’ve listed my rental on Zillow and received a lot of interest however the property is still undergoing renovations.