So is it equally illegal when the large landlords drop rental prices in a building as vacancy increases and the market softens?

I'm eager to learn the ropes, connect with experienced investors, and contribute to this fantastic community.A little about me:- Location: Bellevue , PA-Focus: Real estate wholesaling, with a long-term goal of building a portfolio of rental properties.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

So I contacted the tax collectors office and was told there was a legal loophole and that since the building had been owned by a non-profit for part of the year it would receive tax exempt status for the full year.

These would be bare rental units where tenant builds to suit or we could with appropriate rent charge.

I am wanting to build passive income How did you finance this deal?

To simplify the existing lease I thought about asking the tenant if they would be ok modifying the addendums to get rid of the resident benefit package and the building protection plan. 

The problem is that it take far more effort to LIVE that dream that it is to wake up from that Dream.I teach Real Estate Investing on the side and I will tell you 95% of the students are sitting in class dreaming or pretending that they are improving their lives just by attending the class.In the end, they don't really study.I give a Spreadsheet exam at the end of a 12 week / 1 class per week session on building a 10 Year Pro-Forma business plan for your Real Estate and I will tell you 95% fail out right.Being in class is more about dreaming than it is about putting in the effort to learn the skills to be an Investor.

I have some other questions for you to build context if so.

I am currently employed as a project engineer working for a GC that builds multi-family projects.

You want to buy apartment buildings in the ghetto and turn them into Condos?