If the claim can be disputed, OTA disputes it and makes it hard to collect and the host may simply give up.i think pm, airBnB, guest and LL all know who was responsible for the vape in the toilet, but ota did not charge guest or pay for it and gave the guest a discount (a discount for an issue that the guest was responsible for).  

We had to schedule another hearing, but when the tenants failed to attend, the court simply scheduled another opportunity for them.

I just read an article recently that noted "Avg Profits For Flipped Homes" of $80,000, however when you dig into the article and their sources, "Profit" is simply Sale Price - Purchase Price...so it doesn't consider renovation costs, holding costs, financing costs, etc.

However, if you bought it and managed it as a market rate apartment, your experience would be very different.My point is, I can control how fast a unit turns simply by adjusting my asking rents.  

"@ Frank ChinIn this specific instance, it is undeniable that a house was built on that property more than 15 years ago simply based on Google Earth data, but you can see by the county assessor records that the house on the subject property was built in 1950 and then the property encroaching was built over the property line shortly thereafter, in 1951.@ Matt Devincenzo,From the info in your post, the land does not seem to have officially been taken by AP.

Your dilemma boils down to two priorities: maximizing your investment growth versus creating financial stability for your personal residence.

Simply look at any large apartment building.

However, in the City of Chicago and some other areas, the Tenant may have a right to cure the violation and stay.Thirty Day Notice If the Tenant is on a month-to-month lease or an oral lease, the landlord can terminate the lease for any or no reason by simply giving a 30 Day Notice.

Hence my take on CA; pricing is way too high and margins way too tight for the risk at playing the loooong game because I simply don't have faith in CA's actions, or better said inactions, for the loooong game. 

It simply means that you agree to let them perform a 1031 exchange which starts with the sale - not that you have to help them finish.