@Evan PolaskiYeah, it’s probably the biggest issue w third party management where the landlords don’t put in money.

From what I've gathered, they don't like knowing people can rent them out and make money on a lot that's zoned, strictly, as low-density residential.Second, and the biggest issue, is that this property has $400k in code violations against it.

As an investor your PM will be the biggest difference maker in maximizing your portfolio value.

What was the biggest mistake you made in multi-family investing and what did you learn from it?

If time is your biggest concern you better have the budget for over time on labor and air freight on materials.

Is there a downside to refinancing then deciding to sell anyway?

My biggest fear is hack-a-bility, which I plan to do some research on.A few things that I like about the Schlage:1:  there is a command to erase all codes. 

The downside seems to be the lack of options.

The downside seems to be the lack of options.

The biggest challenge I am anticipating is that when I walked through the property to evaluate it 3-4 agents were walking their flipper clients through and because the owner lives out of state and has to review all offers with their attorney they will not be reviewing offers for another week.