I would send a letter to all units of the building reminding them of the clause in the lease you cited and let it play out from there.

You may pay 1.5m and up for a good one, likely more if parking and balconies, but the play is to buy a multi and then wait and in a few years, turn them into condos and sell them separately - that's how you make the money there.

:)The only beef I have with your post is that you are already assuming their is going to be beef between tenants and you are going to have to play peace maker.

I guess an appreciation play would be the only thing that makes sense over here.

Water - landlord plays in JC heights typically.

I never had that come into effect on my single family home purchases since I never wanted to personally be on the hook for such a high mortgage, but I think it might come into play for an MFH. 

After 20 years in real estate (before DSCR loans were even around), here’s my take: Tampa and Central Florida are gold mines if you play it smart.

They tend to get people to attend their seminars that have no understanding of RE Investing and think that they have to "pay to play".  

@Lynkeisha Dixon I’ll play devils advocate.

Going to take some time but I’m hopeful to help make downtown a place in excited to bring my kids to and for them to know their dad played a small part!