Traded my cash weak condo into a commercial building in an upscale suburb of Memphis.

Honestly evaluating your strengths and weaknesses will guide you down the best path.The Greeks had it right.  

I was wondering how people have dealt with tenants who chronically pay rent late.

So unless area tends to be more weak suburban to rural they tend to be frowned upon.

You need partners that have strengths where your weakness is, which is focus.Good luck, clearly you have skills, you just need focus and you will knock it out of the park.

If a unit is vacant it is vacant it is not making you money but costing money.Lot's of clients that own tech companies, are doctor's, retirees, etc. want to put money to work but not have any headaches and more of a passive asset for NNN.Anything 1 million and below likely looking at weak suburban to rural areas or mom and pop tenants that are weak.

period.So given that you are starting from a position of extreme weakness if you end up in court, (translate that to "you will lose no matter what) I'd tell her that youhave reconsidered and will refund all unused rent from the day that the apartment is vacated. 

I'm talking about things like, (i) roof needs to be replaced, (ii) there is a major drainage problem that causes water to enter the building, (iii) wall is structurally weak and in the process of falling down.

Barely seemed to get touched by the recession compared to other areas so appreciation has been weak too.

This post is my real life deal, I need to explore possible creative options.Ideal Situation: Is to refinance the house and still cash flow. But be able to have enough cash for a 20% down payment but I would need about...