Getting your tenants on track should be your number one goal if you want to keep them.

Goal is always to be at 80% or better equity on a property with over $150 cashflow on 25yr mortgages. 

You might not get business on the first day but make sure you are being productive towards your goals.  

Quick notes about me: I was born and raised in NYC (Queens, Long Island) Current 2-family rental is in Queens Village I work full-time at a growth-stage technology company in NYC on their Strategy team My goals are to get 10 additional doors under my management in the next 3 years. 

Our goal is to obviously have good positive cash flow, to re-invest in more property.

What are your goals?

Also the roof and parking lots take a beating and tend to wear out faster from the cold,snow,etc.For lease guarantor you would want the corporation as well as a personal guarantee on the lease.

Listen what I would do is drive around the neighborhood you can afford around 6pm if the bus stops have lots of people making there way from work there is one money to be made and two a community of decent ppl there I'm not sure if u have children if not living in a bad neighborhood isn't always as bad as it seems besides the money you collect in a year or two may propel you toward your real aspirations faster than not making the move and no matter where you buy your choosing the tenant so set a base line of what you will and won't accept and stick to it people live in Baltimore, New York, New Jersey all places that once where **** holes that have taken some major steps toward change but more importantly they made a big bag of money from those horrible hoods

My goal is to spread the word and perhaps even go to the authorities.  

personally I would not do the dealThen again perhaps my goals are different than yours