These trouble makers are causing a negative impact in terms of rental and condo values for your building.  

Finally, I added indoor living area to the walkout basement.  

It is a great money maker if it is done correctly. 

Collateral is the security pledged for a note that is evidence of a debt created.The "maker" of a note is the borrower, they make the promise to pay a certain sum to the note holder or lender.

You can't find a phone booth for that price today, at least not one with indoor plumbing.This county records "value" is based on its original sale date back in 1960-something, when my Dad bought it for about $20K-something.

Also any big bank of your choice or their local bank can be used to make rent deposit.  

Factor that in, potential title issues from a hasty probate, multiple decision makers (sibling/multiple heirs) and obtaining commercial financing.  

@Loren ThomasI'm not sure I understand what argument you could make - Real Estate by definition is land and the stuff attached on or below it.

For you, it could violate an indoors smoking rule in lease or policy, or the violate no laws provisions, or even a damaging property provision, or simply disturbing others. 

Shifting your efforts to finding principals with big problems that either they cannot solve or will trade equity for someone else to solve is where you'll make real money.