I believe I have picked the route I’m going to take however I wanted others opinions before pulling the trigger.

I am pulling this trigger THIS month on a property.

They trigger a few more regulatory requirements.

Just make sure you fully understand the rules and the costs associated with compliance.

Turnkeys are advertised as "hands-off", which in theory they should be, but for some reason that idea triggers people to detach their brains from the process.

As a contractor, I can say confidently that there are LOADS of tire kickers out there who will just never pull the trigger, and it's infuriating for me to have crawled all through there mess and spent hours working up an estimate to hear things like: 'Oh so much, my cousin could do it for half' or 'Ok great, if I start saving now I can afford this in like, 2 years'You're going to have to lean into your contacts pretty hard to coax out couple contractors at first, and once you get some projects out there and some work done, it'll get way easier.

I believe you basically give them another notice that they are not in compliance with the lease, and possibly can evict for that, but again that is something for the legal eagles.  

Would this trigger a reassessment of the entire property?

If this is a number you had little/no chance of finding if you passed on this deal & actually paid rent another year then pull the trigger....

I see a lot of multi-family deals there but haven't pulled the trigger there yet.