I wasn't sure what grounds I had to do it since I had the letter which seemed to check out.

I think there exists a middle-ground between high-end and what is referred to as lower-end (student or housing also referred to as section8).If  you talk to people that do nothing but high-end they say they get good-great cash flow now and if you talk to those investing in lower-end they say the same.

In your opinion, and from what you see on the ground, are there still opportunities there in multi-family acquisitions?

Often times moving too fast with a limited margin for error can be a breeding ground for bad days ahead.

I was able to build a small team, but have struggled to see profitable gain in my situation.Cool to hear you actually went over and introduced yourself to boots on the ground in that market.

I would think that is grounds for an eviction.

Ground lease?

., the finished basement, unique decor).DIY the Basement Only if It Significantly Adds Value: Ensure the basement project will provide enough of a boost in rent or property value to justify the cost.Sell Only If Risks Outweigh Benefits: Consider selling if the stress and financial risks feel too great, but try to ride out any short-term uncertainties if possible.Appreciation Play: Relying on future appreciation while breaking even might be the safest middle ground.

Ground up single family and small multifamily is high demand by both end users and investors.

You 100% do NOT need a PM if you have a team on the ground.