I desire to dismantle systemic racism that allow bad areas to stay bad).Anyways, this opportunity came up and it's a crap shoot but the downside is controlled and the numbers look REALLY good on the upside 

NO tenants, no repairs, no closing costs, no rent control just passive income for putting your money in a CD. 

If an investor wants control, passive investments like index funds are a nonstarter. 

It's quite a centrally controlled society.

Being that cleaning was guest-paid in the reservation, we were able to control this quite well while still incentivizing top tier quality control with having a contracted per-clean rate.

There is a great discussion about ozone devices in another thread, it convinced me to buy one. 

A middle man whose category has almost absolute control of the real state market, and thus the only way for you to sell your own property is by paying an insane amount of money in extortion to a middle-man?

Well Karma, my advice to folks is: Go residential and learn how to solve problems for sellers and buyers.There is a video on upper scale homes that have little equity herehttp://www.selectleasepurchasehomes.com/ Learn sub2, lease options and wraps for controlling or acquiring. or....

There is no guarantee rates will go down significantly.Even if rates drop to 6%, it may potentially not make sense to do a refinance as you would have to repay a bunch of new lender fees / title costs.If the numbers make sense now as an investment buy it.Don't buy an investment assuming something that is out of your control.

@Alexandria Garreau   if this is actually a property in Ontario I think you have rent control there correct?