Because of the balance sheet is off you can certainly bet that something is wrong with the profit loss statement. 

They can serve the initial notice to vacate but the actual court filing needs to come from you as the owner or through an attorney.Given you're out of state, working with a local eviction attorney is definitely your best bet here.

In my opinion, that is a riskier bet because you have to have a big pile of cash for contingencies.  

These are big money plays life changing profits but RISK you bet..

Normally, Cleveland, OH is the list for cash flow but I'm not totally convinced if I should start there. 

Total cost (purchase + repairs) is 49,000, that is approx 64% of ARV, less than the recommended max of 70%.

As a rental, tenants will likely prioritize the location over minor inconveniences.Your strategy of betting on appreciation and eventually pulling equity makes a lot of sense in this market.

It's a multifamily property in a good neighborhood with three units and a total of four bedrooms and three bathrooms.

Purchase price: $110,000 Cash invested: $2,000,000 399 Helmericks Ave includes 3 warehouse/shops totaling 60,000 sq.ft. and office space totaling 7,000 sq.ft.

Well the bet I'm making here is that CapEx and repairs will be very low the first few years (honestly event he first decade), and once all the construction ends I will be able to increase my rent closer to market rent at $2k which will give me a better cushion.