And it's because buyers operated from assumption, a lack of comprehension and education, and acted upon emotion vs knowledge.

Once you invest in a fund, you've relinquished the single most important control valve you have: determining what investments your hard-earned capital goes towards acquiring.

Your strategy takes advantage of your employment cash flow and ability to control discretionary spending.  

For a little background - I have been taking a big loss on this property for the last year for reasons out of the control of my property managers.What would you do in this situation?

My $2000 also covers stuff that inevitably break under normal use - I had to replace a washer $700, a stove $600, a microwave $100, and a grill $400, all  within last 2 years, and paid close to $1000 for various service calls by electricians and HVAC techs and pest control. 

Even the subpar situations we have no control over.

The story was she rented the place in the 1950's, under rent control then under rent stabilization laws.

Thanks For Texting check out Launch Control, Lead Sherpa, REI Reply, ROOR or Textedly - Just depends on volume and sophistication you need. 

There is a provision in all my contracts that permit me to assign the contract to a newly-formed entity that I control.

No need to be emotionally attached to any property, or the time you invested in finding this "deal"