This way, you have a cake and eat it, too.

Ever since DMZ released text messages where actor Armie Hammer details cannibalistic desires with drinking his ex-girlfriend’s blood and eating her ribs, the actor’s career has been in free fall.

If that means renting, eating out less and networking as much as possible on BP. 

If still 'yes' move to c. an ask what premium do you expect the seller to give you (i.e: discount) to make it worth your while should summer comes and you find out that not only you have 10,000's of non-paying residents in the house but that those are literally eating into your equity...Get expert advice on this from people who specialize in termites - both on risk, damage, feasibility of containment and cost of repairs. 

I'll have to eat.

My guess is they know something is wrong with the unit and they know if you see it it will eat the deposit.

Keep in mind HOA Fee. which will probably eat up your cash flow if you want to focus on condo. 

Dues often eat the profits. 

Plus, it is a deduction for the partnership, so you're not eating 100% of the cost as it's a deductible expense.

Over time I expect the R&M will eat away your CF, but even if it doesn't you are one non-paying tenant and or a significant repair away from needing to sell yet you will owe 2X the actual value.