They had issues performing because they didn't underwrite expenses correctly and as a result they ended up carrying alot of debt and losses.

However, it can be helpful to create an alliance; this requires identification of individual responsibilities together with legal documents and the selection of partners who possess different abilities.

Let’s start a list of issues with the property it self and how we fixed them:1.

Coupled with the fact that you believe there might be a chance you will need to come back to the Bay Area and that the slight negative cash flow is not an issue for you, you should just hold on to the property.

Do they have issues like USEEB?

Most title companies in Cleveland should be able to handle that, its a fairly simple legal task.

And is this legal for the IRS to do with them being so many years ago? 

It could be many other issues as well.

The biggest issue here is property taxes which could almost double a mortgage payment.

. - with this, we can potentially increase rents by up to 145% depending on a comparison with baseline 1977 level rent amount.I have 2 questions:1) If there exists these 2 other, legal ways to increase rent in a rent controlled area, why does it seems like the only option most investors consider is cash for keys?