It's much more of a juggling act for everything to align.

Ok my questions are specific to Hubzu, closely aligned with OP questions.

If your rent is aligned with the market, I highly doubt your tenants will leave because they're going to see the reality.

I'm guessing it wasn't that the stars aligned and everything was perfect.

I cannot remember their names but if I remember correctly they are a group of brokers from around the country that have aligned themselves to cover the the entire united states and so if you google their group I am sure they will be able to give you a good starting point. 

Being in the military I can tell you there are likely a lot of changes coming up with the base alignment.

After I bought my multi, I saw the tax increase to a percentage of the sale price, indicating to me that the assessed value was closely aligned to the sale price.Also, my insurance company sent over an inspector to determine the replacement value of the property, and yes, it increased from the stated insurance the seller had given.So for the future, I made a mental note to keep in mind that at least these two expenses, and possibly others, will increase after the purchase and to make room for them in my equation.

If you can align your development with the vision of the city, the rezoning and entitlement process would be much easier. 

An 80% loan-to-value mortgage - which aligns perfectly with the lender's underwriting criteria.What happens is that the property value falls to $50K.  

I'm sure there are still deals to be had while including those fees but I find them to be more hassle than reward.You also have the HOA politics and potential for special assessments with a condo.Also with a condo the home value is more closely aligned with the neighborhood rather than it's stand alone features.