This is partly because a substantial down payment provides an exit strategy, such as selling the property, if financial challenges arise. 

There are so many different variables and situations that arise when evaluating these old properties.

I recommend waiting and if issues do arise, document well and hire an attorney and let them take it from here. 

Regular 1-1.5hr long phone conference meetings with two specialists that were assigned to us (and we still keep in touch with as questions arise to this day).

Furthermore, while we can't control the outcome of every investment (since this is investing after all), we certainly do our best to be involved as problem solvers when issues arise.

You may consider putting some sort of put/call options into the partnership agreement to prevent any issues from arising should you differ on strategy down the road.

Hi, @Melissa Gittens…I help our broker, David Panzera, refer professionals to our investor clients and we do refer out his eviction attorney when the issue arises, as he's been working with him for years and knows his stuff.

That "someone else" is *YOU* so if owners don't want to see a rise in dues and special assessments, they should be careful not to cause unnecessary harm to their units.  

I truly believe that 'many hands make light work' and that a 'rising tide lifts all ships' !

I'm hoping the lease is good enough that it contains some mention about tenants taking care of the property.My lease specifically forbids pets and in a couple of cases where I did allow pets, the pet addendum states this:  "Tenant accepts full responsibility and liability for any and all damage, injury, or action arising from or caused by tenant's pet(s)."