These businesses are saturated with experienced people, who are seeing margins deteriorate due to competition.

Hi there BP Nation,The deck around our pool has deteriorated rapidly over the winter months to the point where it is becoming unsafe.

The housing stock was very deferred, and deteriorating.

My guess is 30-35%.I am leaning toward selling the unit, given the lack of financial disclosure, the impending costs for repairs due to deterioration, and poor management of the HOA (above all else).

For the electrical, they usually do not have a ground and the material used for cable insulation will deteriorate over many years.

After home inspection the siding which we thought was just cosmetic was explained to be compromised allowing water and wind to easily cause further deterioration. 

Conversely, if you were in a community with a shrinking/failing economy (take a drive down Digby Neck to the islands), then your tenant pool is going to deteriorate over time and your economic vacancy and maintenance costs are going to increase.  

Besides, contracts, union arrangements, etc. have a way of deteriorating over time, so don't make a decision based on expectations that may not come to fruition.FWIW, I have an MBA in Finance, and one of my grad school professors was sufficiently impressed w/ me that he encouraged me to get my Doctorate and go into academia.  

Banks aren't going to fund 10% NOO deals.They did when markets were on fire and properties appreciated like crazy and nobody saw any risk.Today they have a bunch of junk on the books they are still clearing out for years to come unless they are a new bank which started in the last few years.Even if that's the case they will be prudent in amount down to have safe margin loans in a still declining market for most areas.Data shows when it gets tough investors will let properties go everyday of the week,If a value declines on a 10 percent down investor loan it will not be enough to cover foreclosure proceedings,attorneys fees,selling the property,trash out,eviction,non loan payments while trying to foreclose,deterioration of property while you wait to sell it,agent commissions and on and on.It is is easy to see that banks would take a bath on putting just 10% down on an NOO loan.You need to define if you are wanting a flip or a long term hold.Even if you can find a 10% NOO form a private party you will not like the rate.

Since you are not local, have your property management company or tenants send you some pics with the deficient stuff about the property if there is anything (sheetrock cracks, deteriorating fences, anything outdated, etc).