I send my condolences to this man and his family and other investors please be aware and cautious https://www.google.com/amp/s/abc7chicago.com/amp/2-charged-in-murder-of-rolling-meadows-man-after-body-found-in-englewood-sewer/4381891/

The pad is great for a live/work contractor, since there's lots of space, nice house, and big warehouse - but not really as a rental property.What I'm actually leaning towards is unloading the break-even property, and transferring to something more suited to rentals.   

The home is inhabitable with no water, electricity, dog feces, no appliances, holes in the ceiling, rotten siding, & a lot more- Its a demoHeres the issue..The sellers sons wont move..One son lives inside and one son(paralyzed on one side of his body) lives in a trailer on the lot.

I'm an engineer, trained and licensed so that lets me kind of 'lean' in to the more challenging projects. 

Listen to the @Gino Barbaro podcasts, they say go for it "Lean into" deals, but you gotta have cash to get the wheels moving with the bank, then once you have the "relationship", you can do lots of things.

I am leaning towards option 3 but I want to make sure I'm not crazy before moving forward with this large of an expenditure.What do other SF investors do with their non-retrofitted structures?

Common areas include swimming pools, tennis courts, and other recreational facilities, as well as common corridors of buildings, parking areas, means of ingress and egress, etc.common lawAn unwritten body of law based on general custom in England and used to an extent in some states.community propertyIn some states, especially the southwest, property acquired by a married couple during their marriage is considered to be owned jointly, except under special circumstances.

As far as getting the LOC on the 3rd property, I think I'm leaning that direction. 

She didn’t call back.Long story short I call back today and find out the homeowner has been leaning toward selling since the property hasn’t rented (needs updating) but they received a rental app yesterday :)The original homes are comping at $250K-$300K with updated homes nextdoor comping at $575-$675.The agent said she would present the offer to her client, but she thinks he’s leaning heavily toward renting it another year and will allow him to pay some debt.Do you know of a creative approach to tie up the property now and make it a win/win..?

Have horrible credit but have a great history of paying the rent, then maybe I make an exception...... significant criminal record does not get a "pass"...... you're gone.The fact that its 10 months would make me lean towards setting the playing field but ride it out with this guy....run the background checks etc on ALL the current tenants....then come up with the plan on when to notify anyone that you are not renewing.