Most that do exist have eiher been converted to condominium or are non-permitted multifamilies.

The Lease requires Tenant to carry a renter’s insurance policy covering Tenant’s household goods, personal property and personal affects in an amount not less than $10,000.00 and liability insurance coverage in an amount of at least $250,000.00 naming Landlord as an Additional Insured.Tenant provided a certificate showing me as an Additional Interested Party, but not as an Additional Insured.

That's just the reality of an area where the median household income is below the poverty line. 

We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?

I will be focused, however, on converting the townhomes into condominiums and selling individually to homeowners.

For our 8-plex, we pay monthly: Garbage $110.77 (1 yard dumpster, weekly pickup) and Recycling $9.60 (two 90 gallon carts, weekly pickup, calculated at $1.20 per household unit) and Yard Debris $6.90 (bi-weekly pickup).

Household income must be at or below 80% of area median income.

For example, 25% percent of households in Bakersfield, CA. are renting their home (per RENTcafé).

An HOA is an organization in a subdivision, planned community, or condominium that makes and enforces rules for the properties and their residents.

Whenever more dollars are chasing the same amount of goods and services, the price will increase.My non-political take: in the short-term, poorer households would benefit with an increase of disposable income.