With Multifamily/apartments the positives for me are when you have a vacancy you have other units paying so the pain is not as bad.

I have to admit, it is quite a pain, but then this particular flip is a pain.

Oil is a pain in the butt and the tenants will complain of high heating bills. 

However we are trying to purchase a bank owned mix use property and the seller is being a royal pain.

JR Voris I also heard the CO is a pain but is not a deal breaker, I would discount it but no by much.

Once again this post is not meant to be unethical, just want some good pointers dealing with the psychology of the mind and how to create opportunities.

Hi Elinar,  I've always found that tenant occupied properties are a pain in the *** to sell unless the rents are good enough for a healthy cash flow.  

On the other hand you might feel guilty for being a Scrooge just after the holidays, so probably raise the rent halfway to market this year and bring it up the rest of the way next year to ease some of the pain.

I forgot a pen my first eviction and it was a big pain in the rump.  

My understanding is that NYC LLC's are a pain to form compared to NJ LLC's and I asked the same question about LLCs from other states from the one I'm operating in.