lol.Is that the pot calling the kettle black David?

I now don't have that pot of money to use for my first few deals.  

And don’t kid yourself, he doesn’t think the way you do and you shouldn’t expect him to…he isn’t in the situation of having a new lease and construction “voluntarily”: the building he had a sweetheart deal in was sold.

Keep your money in the bank, and find another source of income to keep growing that pot.  

As a General Contractor my liability insurer would drop me like a hot potato if they found out I let subs smoke pot or drink on the job.

No rent controlNo statutory limit on rent amounts or rent increasesLandlords can hold security deposits, even earning interest on them during rental termEasy evictions in about ~30 days depending on circumstancesRefundable deposit limited to 1.5x the amount of monthly rent, BUT tenants can voluntarily pay more (this limit only applies to refundable deposits, but not non-refundable cleaning or redecorating fees)

The properties simply come with too many headaches, extraneous random expenses, and there's only so many people who would voluntarily choose to live in that area.

So, you couldn't any more be the pot calling the kettle black on this one!

If it ever gots to pot consistently, then fix and sell. 

As long as the rent is coming in I wouldn't stir the pot.