On the slim chance this is a real scenario I don't see how keeping it around will add any value to BP.

Like I say the marketing on the part of listing agents has always been slim.  

The margins are slim to begin with so you need a market where the homes are selling where you can easily double your returns otherwise in my opinion it simply is not worth the time.It also must be in a market where buyers can pay cash since financing can be extreamly difficult to obtaine in many markets on a mobile.

Also, vacancy budgeted at 5% seems slim to me, but I don't know the current/past vacancy rates or the area the property is in.One thing I notice is that your template specifically states that if the property is 6+ units your capex should be budgeted at 10%.

With limited information on post it's hard to comment .Being new bee think twice before you choose your poison pill.

If they lose their rent regulated apt, the picking for those apts are incredibly slim.

I made that mistake with my home, I tried to do more than what I was capable of, tough pill to swallow with some projects.

As far as exit strategy there really is none because most likely the house won't appreciate in value and there will be slim to no rent increases. 

I guess at some point one may not have a choice, but man…even just contemplating that is a serious pill to swallow.  

Looks pretty slim.