In the Bay Area, most HOAs actively restrict less-than 30 days rentals in CC&Rs, and can have % rental caps on units which may make MTRs difficult. 

Ref:  Active Energy Account?

Hello BP,  It's been a while since I have been active in the forums or on the platform.

We went to assess it and in the morning we texted them that we are calling for an exterminator.

The commercial property is located in the Bronx, NY, anyone has any referral to a plumber or technician that could assess the situation and possibly fix it? 

I’ve been following much of the research you suggested, like inspecting the property and assessing comparable homes in the area.

Invest the rest.Now you've got income, a primary residence situation that's crazy advantageous, a piece of rental real estate you can cut your teeth on, minimal or no personal debt, and some active working equity investments. 

Older multifamily properties, like the one you’re considering from 1920, can be solid investments, but there are key areas to assess carefully.

Directly investing in real property investments, whether property, notes, tax liens, or leases requires a THOROUGH understanding of all LEGAL aspects concerning real estate law in general and the investment in particular.It’s IMPOSSIBLE for someone who hasn’t accumulated either a legal education in real estate law or 20 years active experience to have the knowledge and understanding of legal aspects sufficient to reduce legal risk to an acceptable level when investing directly in tax liens, notes or real property.  

Knowing the area would see increased demand for housing, I actively scouted for opportunities.