Hoping someone out there has some good news for me cause this condo needs some work. 

You might not get far and you'll more than likely lose the contract given how hot the market where you're at may or may not be.What's the issue though that's causing you to want to renegotiate?

When renting open units, I would expect them to be aware of issues with the property prior to a new tenant coming in so if they leave we will be aware of any damage they caused.  

You've just caused an unnecessary problem for the seller of that loan.

Trying to get a manager to work outside of the systems and processes they have in place for every client but you may (may not) cause issues, even if they agree to it. 

I am tracking my returns based on cash flow numbers only (for conservatism reasons - I look at appreciation as icing on the cake).A little background:The underperforming units are all part of a small multifamily compound in a lower income neighborhood that I purchased in 2018 that looked great “on paper” but after tracking their performance for a few years, experienced less than expected returns due to one issue or another that has cropped up (more capex up front, tenant that I couldn’t evict for 10 months through covid, multiple vacancies causing turnover costs).

Existing tenants are more likely to resent you and cause problems, or they'll be unable to afford the increase (despite their best intentions) and get behind on rent.2.

My scenario is complicated to me and causing me great stress and my wife things everything is fine.

I like how they crunch the numbers between 2 props and then decide what they are going to do. 2 things cause me pause. 1.

But you need to do something, you don't want your tenants to get sick or get bitten and these little guys can eventually cause some property damage as well.Good luck.