We would have settled sooner but they were stuck on the $50,000 (until the attorney left them) and my brokerage also had a crossclaim against me.

Hi,I am looking for some insight and advice from management companies here in NYC, regarding gym equipment repairs.

I never really get to slip away from the gym or a decent diet for too long because we always talk about it in casual convo.

Mortgage 15/1 arm at $3.375% with max 4% interest increase due 15 years from July 2015 (Aug 1, 2030).Current condo monthly maintenance fee : $1036 includes water, amenities (pool, tennis court, concierge, gym, sauna, community room with pool and ping pong, maintenance)Current monthly mortgage payment: $499 interest, $504 principal Monthly taxes and insurance: $459 monthly contents insurance: $38Past Assessments: $11k for building HVAC upgrades $8k for building updates and building reservescurrent market value $400k - $425kcurrent  monthly rental median: $3100-$3200monthly landlord insurance: $45I'm also trying to decide if I should rent or sell and invest elsewhere.Appreciate all insights.

Lots of retailers, historically, had been opposed to gyms.  

UP-SIDE: If you pay $900 to evict and they move tomorrow, than you can start collecting rent on a new GOOD tenant that much sooner so it is not money wasted, you can still break even.DOWN-SIDE, you do nothing and they don't pay, then you still have to evict and then you loose another month or two of rent.

And buy & hold is a lot more forgiving than flipping: sooner or later all deals cash flow. 

The recession hit much sooner than the rest of the country. 

Hire a property manager sooner.

Of course, the rate might not make sense for a refinance later on, but if it does it's a path to eliminating MI sooner.