5) Internal vs External (In-house service teams vs Outsourcing: AM, PM, IR, Back office, Operations)6) How did you handle difficult situations in business?

Due to the size of these stores it makes it very difficult to rent these locations and in most centers you have to divide the space which requires significant modifications to hvac, electrical, plumbing and storefronts.While this doesn’t answer the questions gives things to consider if buying one.

It's easy to say you'll raise rents to market rate but pulling that off can be difficult in softer markets with supply/demand dynamics without causing temporary vacancies, which leads to new TI's and other lease incentives to refill the space.I'm sure you have an investment strategy for the replacement property, and that should include which markets you are looking to reinvest in.

Each unit in teh building has their own master water shutoff valve, so I can't imagine it will be that difficult to get some hardware + automated billing system through someone.

It is difficult because you have to replace them at new value. 

Don't take care of them and you will find it difficult to keep occupied. 

A few points, different tax laws and language barriers made it more difficult.  

You are VERY much correct that its difficult to know who can provide you the value.

I’m a newbie, I’ve always dreamt of buying multi-family units & now I’m finally at a place where I have proof of income and make decent money. upon further research, here in Florida it’s difficult to find any without major rehab work.

I changed careers into something that has given me more freedom (realtor) but as I don't have enough to quit I still have a few toes in the rat race.