I'm Robert from Portland Oregon, passionate about real estate investing, but new to the market and excited to learn more.

Similar to @Mike Dymski, i plan to make all investors whole even if the $hit hits the fan.  

Commercial values can fluctuate greatly - I am a fan of time heals all wounds and if you acquire a commercial property and can turn it around I believe there is still money to be made. 

You are disputing a condo agreement we do not have and we know nothing of your paint and vent beyond what you say.Regarding amending the lease, it can be a simple document you and your tenant sign stating that you are amending the term of the lease to be 2 years, and the tenant has an option to terminate the lease at 1 year.Regarding the bathroom, if it has a tub or shower and no other ventilation, I would go with the vent fan as the root cause.

This video below has the best explanation I've seen, even though the podcaster is still a fan boy.

From there, there are a lot of other things to consider, including what your passion is for real estate.

I know the city probably isn’t a fan of basement apartments. thanks 

I hate full blown Landlord Software because I only have about 10 units and hate the fees...I am a big fan of the "Lite" Landlord Software and the only one for rent payment that can be 100% free for the landlord and the tenant WITH automatic late fees is apartments.comI actually did a whole video about this on my YouTube channel comparing the must have features of any rental collection tool!

Quote from @Emory Clayton: From what I can tell, and my personal experience, you will have to lower standards so the Section 8 applicants can qualify.I'm not a fan of Section 8 because they tend to be far more problematic than tenants that pay their own bills.

Hey Pat, Welcome to the BP community.Love your passion for real estate.Wishing you all the best in this exciting next step!