Quote from @Derek Bell: I have a dilemma.

and your PM will upcharge or charge you for every little thing, that is their business model.If you keep it, you can offset these losses and also try to consider cost segregation to juice it out.Else 1031 into another one, Pocono prices are stagnant for now, you should be able to get almost same price.

Balloon" framing (1920's I believe).Radon.Plaster and lathe instead of sheet rock (pre 1950's) or plaster and wire mesh variations (50's) more solid than sheetrock but a real b*tch to repair or demo if you're remodeling.You've got Galvy plumbing but also need to look out for other kinds of outdated plumbing like clay sewer lines (pre-1930's, prone to collapsing, bellies, root intrusion), cast iron (1950's, often rusted and/or cracked by now), and PB (polybutylene, gray-colored water pipes, 1980's, prone to rapid degradation and subsequent bursting, mostly gone by now).Buried Oil Tanks-- Do you have those there?

What kind of insurance was necessary, what are the pitfalls, is the juice worth the squeeze, etc.?  

A cash out refinance does not typically have enough juice to get you to the next level. 

Quote from @Derek Bell: I have a 15k sf warehouse new build that just got finished.

You can juice the numbers a bit by doing medium-term or short-term rentals.

I don’t generally disagree with that, I just think, & it’s just my opinion that that submarket & condos especially in that sub market has multiple headwinds that make the juice just not worth the squeeze and a few hundred dollars of cash flow wouldn’t make the difference, he could even just take his cash out & put it in an money market & make 4-5%.

@Christie Gahan  if you can only recover $4500 - $12000 in small claims depending on the state where property sits then paying an attorney $10000 to appear isn't going to be worth the juice from the squeeze.

It's a way to compare apples to apples for the current situation; how to squeeze more juice from the investment.