[Similar to the Student Loan Bail-out where people who made different (and smarter) choices, are forced to give up  their hard earned money to others.]2) When is this country going to really realize that we are headed down a steep slope to ruin?

I would advise you to look for a house instead of a condo.Condos have many fees, rules and can have expensive assessments for repairs and improvements that you will be forced to pay.Also Condos are a dime a dozen so the competition is fierce which drives the nightly rental rate way down.

Between forced appreciation on general improvements on the property and the capacity to add an additional residential structure, the sky was the limit on value growth.

It really doesn't matter where you read the contract - but this kind of forces you to do it because you're just sitting there . 

Lawsuits against HOA, HOA lawsuits again insurance companies, deferred maintenance that makes it not qualify for FHA loans, too many investors make it unwarrantable for loans, too many investors, force you to sell to another investor (investors never want to pay premium prices) and just so many other issues.I would say when your lease is up, sell that bad boy and either 1031 into a different kind of property or just take the cash and run. 

They will be able to force the sale or just foreclose on those as well. 

Fortunately it was during the 2008 crisis and we were forced to hold those homes we bought for like $40k each. 

They will help with what I’m sharing below (or should).Consider your pricing to ensure it’s competitive with the local rents.Post on military sites as well.As you said, get professional photos ASAP.I’m active duty Air Force with four properties.

The way you lose in real estate is by running out of cash and/or being a forced seller. 

I was uncomfortable with the forced-timeline of the 1031 (even with the economic stimulus extensions.)