@Arnie GuidaWe bought an 8-plex with deferred maintenance, so I feel your pain.

It was a pain finding deals and having to keep looking because they're cash-only.

I expect at some level the pain of managing the properties/tenants has outweighed the profit for the owner.

Being from the SF bay area and playing in the lower price range, I am painfully familiar with being outbid by all-cash investors! 

It does not and can not supersede state laws, municipal ordinances and administrative regulations.Some of the many extremely problematic examples a forum search will reveal:"My tenant has gotten a service animal when my lease has a no-pet clause!"  

Wendell, that might sound good in an investor forum, but it's just predatory thinking at this price level, it's not a 2M dollar house.Nancy, new laws are in place, reread my post, an option price can be computed legally and it's a pain, why residential options take the easy way, 1%, 2%, or whatever some of these guys think they can get away with.

If I'm the hospital administrator, my biggest question would be how can I both save money and bring more patients through the door?

I won't lie and say it's not a pain in the butt; but it's our retirement plan in action. 

I figure the month 2 month lease will let me get a handle on which tenants are a pain in the butt and which ones aren't.

Tenants are always complaining about each other and they can be a real pain.