You may need to install a drain outside or you could build up the surrounding area with some concrete to divert the water away. 

In a townhouse, your legal description will include "Lot and Block", meaning you own the land the structure is on, and you own the structure.

If they are a big complex they have been around the block and will know how to win.

This condo is located 3 blocks from Loyola University in Chicago and it is a lakefront property. 

Drainage, can the lot be sloped to drain all one direction, or do i need actual pipe drainage. what is the cheapest option that could hold up to having RV's, farm equipment, and dump trucks driving over it.6.

At the same time I think a good commercial broker who specializes in multi could probably give you all the answers as well in hopes of gaining your business.unless I guess your looking to be one of the new syndicators on the block instead of buying a 60 or 100 unit your self. 

Im going to have to spend about 500-1000 to get some french drains and catch basins.  

I was talking to a broker yesterday who said they got great success mailing the three blocks around wherever they had sold a house and were asking if those properties had thought of selling too. 

Had it under property management the entire time (with Block Associates), only 1 super bad delinquent on rent tenant, otherwise was fairly well occupied over the years.  

That said, you can expect this property to have problems like: no functioning HVAC, electrical problems, old water heaters, low rent, old appliances, worn carpet/torn linoleum, leaks, etc.Sometimes the rents are not able to be raised for that block, or you may not be able to justify raising them enough for a good return after repairs.