Since you decided to change the contract by asking for a concession (which invalidates the existing contract), you will not be able to sue for specific performance. 

If existing tenants are 50% under market value, you will need to make sure current tenants are out. 

They didn't exist. 

So, in theory one could get a 2:1 leverage, earning the rewards on $2 for every $1 capital spent out of pocket.     

More effort should go into enforcing existing permitting laws and cracking down on unpermitted work rather than imposing costly regulations that push property owners into avoidance tactics.If the goal is to improve fire safety in Worcester’s aging multifamily housing stock, the best approach is to encourage full renovations that bring buildings up to modern safety standards—not to place additional financial burdens on responsible owners.

@Paul Cijunelis  thank you for this response Paul, well I firstly got interested in CRE when one of my high school teachers told me about how he does it and that kind of started my interest, I really love CRE because I've noticed it's a very lucrative and risky business like high risk high reward, but not just that I really love seeing a bunch of properties being brought back to life with renovations.

Additionally, any existing restrictions at the town level (there are MANY) will be abolished, unless deemed "reasonable" by the state.

Hey Matt and Denver,Thanks for this - the risk / reward perhaps isn’t there in Fort Worth for me to convert to PadSplit just yet.

Why does PM start promoting the property only after existing tenant moved out and property fixed (small repairs)?

Whether you’re looking to secure financing for a new property or refinance an existing one, I can offer the guidance and support you need to make the most of these opportunities.