The owners usually slam crappy tenants in and then claim the property is stable after 1 year etc. with minimal repairs and the expensive stuff to replace is ancient.

@Roy N.Sometimes insulating ancient brick buildings is very impractical.

And with the exception of the ancient but functional furnace in the main house, I don't see much reason to put off repairs- so I wouldn't lose much to go ahead and do a full rehab all at once, and have a better property from the word go. 

As a young man trying to survive in America, the Army took me all across America, Haiti, Egypt, Kuwait, etc... these days I travel for leisure in and out of country.

Here is the problem with having a park full of these ancient homes even if they are privately owned.

Same goes for a lot of international buyers buying all cash from all over- Egypt , Israel, Canada, Singapore etc. indeed chasing yield.

It's amazing how much of our legal system still uses that ancient language.

:@Tanner MarseyNot a big fan of the supposed Ancient Greek concept of "everything in moderation" or <<Παν μέτρον άριστον>>, which doesn't actually MEAN "everything in moderation."

When you finally get to the point of the non-renewal, hopefully you will have all your ducks in a row - violations are ancient history, rent is up to date, notifications of non-renewal were appropriately made.As a last point, I think you made a mistake by informing the tenant you were not going to renew after the first month.

I don't want to spend a day and a half writing out my exit strategy, but yes, I want out of ancient Yinzerburgh crapshacks and their typical denizens.