This is because state law is not favorable to developers of condos and those developers have been burned so badly these laws that they can profit more and have better tax advantages by building "condos" renting them for a decade and then selling them as condo's 10 years later. 

One way my husband helps me out when I complain of being 'burned out' (even as I haven't done my first deal yet...) is to just validate that anyone working on a project that is worthwhile will sometimes feel like giving up.

The reserve and new opportunity fund are bloated, fat, stupidly overfunded & earning little.

We have seen dozens of out of state (and in state) investors crash and burn buying these "deals".

@Marc Biviano We installed a 13.1 KWP / 48 panel system last July.We had a negative balance due to Eversource throughout the summer, but with our baseboard electric heat, we've burned through that. 

I even have one that looks like a quaint wood burning stove so the tenant can have some ambiance while they wait on the HVAC guy.

Mmmmm...a whoping $1,800 a YEAR...just burning a hole in your pocket.

Then on the other side, place burns down and the named insured is John Doe, additional insureds don’t apply to property losses (only liability).

Bruce Norris, Sean O Toole and John Burns have some great info and facts on this stuff.

@Monique Burns My advice to you is keep trying.