All my properties have them, and I just carry 1 key.

.………...At 300,000, (200,000 plus less than asking, it starts making around 10-11% but that price is just crazy versus asking.So...in my mind, its a lot of work handling a MF building for 8%...a 401k averages 8 with little effort and little risk (well until now!!!)...

Maybe more.So between down payment, closing costs and repairs, I'd have to front somewhere around $50K - $60K, which I don't have.The strategy that I am considering is finding a hard money lender for this initial costs, with the idea that I pay back all at once when I refinance.On paper, it seems a good prospect for which may be worth to due a solid due diligence but I want to make sure my strategy is entirely doable and be aware of the risks I have to keep in mind. 

Obviously, these people still deserve safe housing, just like everyone else, but from an investment perspective, they are a higher risk pool.

Pay an early termination fee with 30 days notice.If they voluntarily choose option #2 then there's no risk of them complaining to anyone, particularly the legal system.

We all know buyers frequently site things like "inspection", "neighborhood review" etc as a reason to kill a contract, even when that's not the real reason.I just think it's not right to totally negate the risk of a buyer losing EM, EM is a required element for good reason. 

It is a bad business decision and runs the risk of ruining relationships at the same time.It's one thing to help family short-term but obligating yourself long-term with significant debt is bad.

High crime rates with no one willing to go manage it means I have to put myself at risk to collect rent. 

Also Condos Tend to be the last to rise and first to fall when markets change, FL is highly volatile, especially condos, so unless you buy WAY under market, your risk is pretty high especially if you want to get out at a low point in the market.   

You want fast, you are closer to speculating than investing and your risk skyrockets."