Dense area with over 200k residents within a 3-mile radiusBusy traffic counts of over 20k cars per day - makes it a desirable location for any tenant and guarantees business for the tenant 6.75% cap rate with 6yrs remaining on lease and 5-5yr optSurrounded by a combined 4 elementary and middle schools - makes it a desirable location for any tenant and guarantees business for the tenant Just note, this is a NNN lease with tenant paying all taxes, insurance and interior maintenance.

Today I look outside and there are 2 large tents in the street and everyone is now parking in the middle of street.I know it’s MDW but I feel like I need to start being the annoying neighbor and start calling the cops every weekend.

Congratulations getting #1.Now for your question, if it's in the middle of a living area where a leak is going to ruin flooring and/or carpet, or you could be on the hook for damage to a neighboring unit in the building, I'd replace it.

I immediately took a vacation day from work and went to see the property.Underwriting & Due DiligenceAfter I got the property under contract, I had to learn how to properly do due diligence as I was in the middle of doing it.

My advise will be to look for an area were its not expensive but not a rough neighborhood either. find the middle ground.

Send a letter with a cash offer.I got a call in the middle of my work and I had to discard 30 minutes of work and leave it to answer the phone because I was waiting for an important call.

That way, I have already reached a middle ground with them and they don't see me as a hard nosed property manager. 

one of my buddies on high end rental units put I pod docks in now this was 10 years ago I dont even know what those really are I suspect maybe you put your phone in there or something then it plays music..I can see combo locks could be good for PM's so they are not running around with 7,000 keys.I put that on my Vegas place and i like that.with the new construction we build we dont do any smart things.. and these are middle range to upper range unless we get a pre sale and the client wants to do it.. 

I try to walk the middle.

When I try to do so, there is just a blank screen in the middle that does not allow me to input anything.Thanks