If they fail the second inspection, I terminate their lease and remove them as quickly as the law allows.

My spouse and I didn’t learn our lesson here and took on a second partner in a real estate/restaurant operation and ended up again having to have legal action to sever the partnership when it failed.

This means the 50% rule fails now (50% + 60% = 110% --- 10% more in costs than rent), and other cost estimate methodologies seem to yield negative net cash flow.Am I thinking about this correctly?

The landlord could be held responsible for 3x the deposit if they fail to do soWhat provisions are in the lease agreement you signed ? 

Although rents increased by 2% annually, the purchasing power of this income is equivalent to $4,325 in today's dollars.Year 10: $5,000 x (1 + 2%)^10 / (1 + 5%)^10 ≈ $3,742Year 15: $5,000 x (1 + 2%)^15 / (1 + 5%)^15 ≈ $3,237Year 20: $5,000 x (1 + 2%)^20 / (1 + 5%)^20 ≈ $2,800Due to rent increases failing to keep pace with inflation, you won't be able to maintain your standard of living.

If you fail to follow the rules, you may open your personal assets to a lawsuit.

In other words, Ogden failed to ride the gentrification wave that buoyed the REI landscape everywhere around it. 

If you fail to pay your mortgage, the first lien can get control of the property or recoup money from the loan guarantor - probably you.

Coaching business is failing, streamlined business is on it's last legs, posting 4-5x day new threads trying to catch the validation.

Large investment in a failed area,City should be paying investors to take those chances.