And screws, tape, mud, shims, and corners for the drywall.

Dana Chun they owe you $7,200.I would also read the leases carefully as you don't know what other undesirable terms are hidden in it.It's not an uncommon trick in multifamily properties for the seller to cut sweet deals to some tenants just before the sale.

Many of us have also been in your situation, having a few surprises after purchase and some undesirable tenants.

Tonight while working on mudding some holes i heard my tenant walking on the other side of the wall. 

@Wendy Shoda  all good ideas I was thinking maybe move the laundry area to that space and have it become a laundry/mud room.

We found that April and May were almost completely vacant each year (mud season), then things picked up again the 3rd or 4th week of June when school let out.

I have done this on floors that we had to mud first to level off before putting tile down.Good luck.

I was looking at housing in the area, but all the cheap stuff is of course in undesirable areas and probably not worth the risk.

Not the first time the word "FEMA" has been dragged through the mud.

If the developers and funds holding these companies did decide to drop prices to sell some inventory, it could have an undesirable effect on the market.