I was just following this news today. 

I would double check all this, but my understanding is as follows:The property owner is still responsible for repaying the mortgage, even after condemnation. 

Love all of this information.

I have a friend who has 50 such doors in this market.

This is a major reasons bay area investors look in the midwest in faster growing cities. 

I currently only have 1 duplex, however I want to set this up right so it will work for any size portfolio.Currently I haveHome folder>multi family/single family/legal documentsInside the multi family I have Name of property-> general property maintenance/first floor/second floor Inside of first floor (the one currently rented)I have, pictures (before and will have after) / lease documents / a spreadsheet with each month, what day rent was paid, if it was late, if late was fee paid?

It will be so much easier to let all your leases go MTM and give notice to vacate then list and avoid all this, which does the exact opposite of what the ordinance is trying to accomplish. 

Quote from @Hunter Hanlon Taylor: Quote from @Eric Veronica: Congratulations on the graduation this spring! 

This is totally normal for investors.

What made you interested in investing in this type of deal?