And thats exactly what I will redoing, I will have all my ducks in a row first, I willl have all my orders or most orders in, dates when they will arrive and I will leave alot of room for time delays....All I can do is work to reduce these uncontrollable factors that carry more risk so that I Can reduce that risk.  

I expose myself to other stuff for the sake of a natural curiosity and to gamble a little.  

I feel like these large luxury buildings are a gamble in many ways.

Its a gamble, and the quality of these types of things vary, so we'll see.

The issue that people keep ignoring is our uncontrolled spending and debt.

Way too much gambling/luck aspect to it and even when you win for the year the tax rate is awful compared to long term gains. 

If I wanted to do high stakes gambling I would go to Vegas and get free drinks not pay so gurus to blow smoke.

Let's assume the property has $313,000 in NOIValued at 6.26 M 5% cap loan $4,695,000P+I annual= $413,400> NOI5.216M 6% cap loan $3,912,000P+I annual= 344,460 > NOI4.47M 7% cap loan $3,352,500P+I annual= $294,708 <NOI cash flow + Are you a gambling man? 

4 doors if managed right can make you, $350,000 over 2-4 years. 2 doors  maybe  $200,000 in 2-3 years.Little gamble. 

I told him I'd gamble that there's no one who even knows that restriction exists to enforce even if an heir lived in the area...the way to legally eliminate them is either get the beneficiary to record a new document (possibly a QC deed) to eliminate their restrictions, or pursue a Quiet Title if you think the person is no longer around or their heirs are not identifiable.