These products contain over 80% water and the bleach corrodes the nails and hardware This product will not bleach the stain but it will kill the spores.

I think you nailed this market exactly as I see it, with some additional insightful information.

@Deanna McCormick hit the nail on the head.

Have you spoken with a lender yet to nail down what you can and can't do in your current situation?

I was trying not to be too harsh, but you nailed it.

I could double the rent over 2 years to get them up to market value, and get a 16% CAP on the property, that is, if it was mine.

I can probably help out with nailing down a venue for a meet-up, too.Ed

@David Lehane..I think there needs to be a nailing down on what type of multifamily properties you're considering acquiring.  

I was aware of the 2 year requirement in any consecutive 5 years but was told by a realestate agent some time around 2009 or 2010 some rules had changed and this 2 out of 5 years rule was not applicable or would reduce the cap on capital gains tax for the scenario I just described above.

You nailed it Melissa D..