Condo boards are notorious for in fighting, and self-dealing and overall ineptness.

That will make it even harder to clean the place up and evict the non-payers.Lower C and D class properties will cash flow hand over fist... but you'll need to fight with both hands to manage the properties.IMO, sounds like you're buying yourself a job, at least in the interim.

I wrote some papers in college relating to the subject, BILLIONS spent fighting pot when hundreds of millions could be made.

Jake, can't follow the link, but without reading it, I can see the public purpose, however getting between a lender and a borrower may have some legal issues that they may not be able to afford to fight.

It's better to spend your time and energy finding a new tenant than fighting a jerk, although your ego might feel otherwise.

Values on the adjoing subdivision will probably go down, due to the increased traffic, noise involved (there will probably be live entertianment) fights in the parking lots etc.

I'm ready to fight back if they try to charge me for the extra days- but I don't particularly feel that it will be an issue.

It looked and smelled like a group of meth addicts were having underground cage fights there.

Please be prepared to spend a little (padding, insulation, etc) to keep any good downstairs tenants from fighting with upstairs tenants over squeaks and overhead noise.Don't let foot fall noise blind side you.

I've been raising my rents $100 to $150 this year and still have tenants fighting over my rentals.