Hopefully remediation costs were factored into your purchase price.

This all are factors in the price.

A Master Lease is not a loan (as long as the master lease is not long term with a declining balance, thus a disguised lease), the net income to your IRA is not subject to debt financed income tax.NegativesTaxes: When you exercise your option to buy and simultaneously flip the building, you haven’t been in title long enough to qualify for a long-term capital gains tax treatment. 

They're a factor in the purchase and a significant expense on the resale!  

I can support that my headache factor might be reduced with that option.

A local bank I have a relationship with underwrites annual operating expenses for small Multifamily 2-4 unit non owner occupied at 30% of net rents, for example:Gross Rents = $48,000 Subtract 10% Vacancy from Gross Rents = -$4,800 Net Rents = $43,200Subtract 30% OpEx from Net Rents = -$12,960NOI = $30,240What percentage do you factor when underwriting OpEx for small and large multifamily in your market? 

That is the pressure factor. 

I have given them treatments for it i.e. powders, and traps.

Just today I found myself taking pics and sending it to a contractor telling him what needs to be fixed as the job was not good.Finally, the time factor.

Minutes will clue you in on whether these types of issues and discussions are happening in the complex.With that being said, there are still other factors to be considered before buying condos for investment purposes.