I am perpetually game planning future moves and this exercise inevitably requires taking a position on how the near future will unfold and the best way to benefit.

The fact that the current owner hasn't bothered to collect rent is entirely his problem at closing and will come out of the proceeds from the sale.That still leaves the problem of what to do about tenants who are (reportedly) perpetual deadbeats.

Since it was the owner/president of the HOA who screwed you, tell him you won't sue him if he forgives in writing any back HOA dues, and allows you to re-join the HOA, and he agrees in writing that in perpetuity you or any future owner of your property doesn't have to pay any dues.So, if it's paying HOA dues that is keeping your buyer away, if you make the above deal, it's no longer an issue. 

You can invest in something as passive as our perpetual funds.

Maybe the lesson here is to not stereotype groups of people.

Yes the news cycle seems to perpetuate outdated statistics, partially due to political concerns.

landlord was telling me when bug bomb would go off the grass would start rustling. normal wear & tear gonna be different imo for an expensive house tenant vs. cheap house tenant. sorry stereotyping a little. 

Find an investment that yields around 45% annually in perpetuity  and you'll be set.Now finding an investment that yields 46% sounds tricky and risky.

One of the owners (he owns 5 of the units), the one who collects the water bill, is a nice guy but the stereotypical slumlord. 

It's also worth noting that we have teams of engineers working on our perpetual flood problem and every time we have a monster flood like this, they have new data to work with.