@Andrew SyriosThat doesn’t make any sense.

Common HousinIt's authorities will evaluate its management approach regularly to ensure it effectively meets its communities' needs.

I will need to do research and due diligence to see if this long distance STR model makes sense for me!

As a real estate investor, it’s in your best interest to ensure that score remains top-notch, as it will provide the best money-saving outlet.There are, however, situations where utilizing these options makes more sense.

It’s going to go away from a commission based model (which to me never really made sense but not complaining about it). 25 years ago when there really wasn’t online listings and you would check the newspaper or call agents for listings times have changed and commissions made sense.

Quote from @Tom Server: "Buyer to receive $5000 credit at closing, Buyer agrees to replace subfloor with 3/4 plywood, mildew resistant and sound proof flooring insulator".. the actual subfloor is fine but its in the contract to install new subfloor anywayThis makes no sense, unless it’s a soundproofing condition mandated by the co-op.

I would say to get prequalified so you know what you could do officially.Hope all of that makes sense.

Moving out of state, moving closer to work, school or moving into a bigger home due to expanding family like "pregnant" and/or requiring additional rooms or larger GLA.If you purchase a 2-4 unit and try to purchase another 2-4 unit if they are not "Common" to the area you will have a hard time.

If water is common, is that billed back to the tenants or you as a landlord have to pay for it and that will eat in your profit. 

In summary, if your goals are still similar to what they were when you bought, the location has potential, better vetting of tenants will avoid evictions, etc. it would make sense to keep the property and see if it can live up to the potential you expected when you bought it.If you think you had false expectations or don't see a probability of recovery, I would also do the renovation and then sell.