Tenant is now saying that she’s in a hotel because the issue is getting worse and that the apt has had roaches for “years”. 

I've run into some issues where clients get a little anxious over a valuation that came in low or a condition comes up that is fairly minor. 

But in my opinion, the biggest issue I see with folks jumping into their first "big" multifamily deal is the quality of the pro forma. 

Its been a wild ride though doing all this through massive inflation and supply chain issue and Covid..  

Many are also tired of homeless issues, politics, and now more than ever natural disasters. 

I just listened to the presentation and a few issues jumped out at me right away.

Basically, "wholesaling" is no longer permitted. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

Then progress to permits and then building.You could also just do it and hope the city doesn't notice, which they probably won't.Your challenge will be getting Certificates of Compliance on the units!

of course the sale of hurricane damaged houses also confuses the issue (my house had no such damage but is only about 4 blocks from houses that did).