Remember, when you sublet you step into the shoes of a landlord thus have responsibilities to the same and limitations on certain remedies.  

Property Taxes tied to the $1.8mil 2000 price are $20k a year.  

I am waiting until March because I will be tied up with the Broker Class in January and February.

So what would you do if you were in my shoes?

High costs, high hassles and assets tied up in knots.  

WTF  6k for a clutch and friends of mine with Ferrari's pay 5k for tune ups.. but they sound cool for sure.I can go either way.. but I tend to use most of my capital in my business so it does not make sense to tie up 100 to 150k in cash into vehicles when I can basically get zero % financing.

I would be mindful of any potential condo fee increases that could be tied into repairing these fireplaces.

Try not to tie-in substantial lessee improvements with the option exercise. 5.

My fear with renting is then we are tying up a big portion of our working capital and then wouldn't have enough to do anymore flips.

Meanwhile, there are small, single-family homes for under $100,000 that will get you a much better return and you can gain the experience without having your entire life savings tied up in one deal!