The only pain point they should have is that they will be getting pressure from the city to secure and fix the asset to protect it from being a hazard to local residents.

Which is also a pain in the ***.

I am not a fan of HOA's, they make buy and hold investing a pain.

Our last refi (same bank) was so painful I almost walked away from the 1.5% rate cut.

Also, it pains me to pay retail for property when there are wholesale deals to be had which would give me instant equity.

They really are a pain compared to buying from an owner.You should look into a new Agent.

Here in CT it is such a pain and monumental waist of time to have the electricity and gas turn on.

However everyone has a different level of pain tolerance and or micro management of their assets.I suspect the majority of folks after a year or two have no clue as to how much they are actually making in the way of rate of return..Someone's 1k dollar problem could cause them to lose sleep others would not bat an eye...However and I will leave it with this...

You need to touch on "pain points" that you can solve, and the people who have those pain points will call you.

HOAs can be a pain!