There was a hole in our bathroom wall where wecould see the neighbors bathroom, spiders were crawling all over theplace, and last but not least, the place was infested withcockroaches.

In that same vein some of the key aspects for success are highlighted such as actively managing ones own portfolio vs utilizing an experienced professional portfolio manager; yes it will take a diminish potential profits a bit but it's an offset as you gain a lot more security, certainty of performance, and time, so much more time and so much less stress. 

In the same vein as other people have posted, you need to self-educate yourself on real estate investing and specifically multi-family.

There is a huge wrought iron spider web complete with a nefarious looking spider and the house is surrounded by a rickety-looking picket fence.

There are even spiders!

You can see how accurate those predictions turned out to be.In the same vein, I believe eliminating tax provisions that benefit specific investments results in a fairer tax system and would require the investment to stand on its own two metaphorical feet resulting in a more efficient marketplace.

My spider senses are tingling and I want to run away but my wife already owns 25% of this spectacular lot and the purchase price is below market even with splitting the parcel.

I don’t find most tenants to be overly needy so it’s not usually an issue but when it is that can be addressed with a simple conversation about what is an appropriate maintenance call (sewage backed up into basement, tree fell on neighbors car, fridge died, etc.) and what isn’t (light bulbs, roommate drama, saw a big spider, etc.).

I definitely have a learning curve in this vein of biz but am willing to put in the $ and my time. 

I've thought about selling and 1031 to more properties, but dont think it makes sense to sell a property that is cashflow +ve, in a good location, and have great tenant.