I really don’t know how they managed to do so much damage in a year.

It had a roof leak that damaged the interior ceiling which was the responsibility of the HOA.

It had a roof leak that damaged the interior ceiling which was the responsibility of the HOA.

If the noteholder is a large hedgefund or a bank, there most likely will be bureaucratic inefficiencies in decision making and communication that cause delays.

-She didn't report a leaking toilet and it caused the ceiling of the bathroom floor below to collapse and I had to pay for expensive repairs.

This issue can be avoided completely by transferring the property into a land trust.While a transfer to an LLC will cause alarms at the bank and prompt them to send you a letter, a transfer to a trust will not.

There's a word for that.With any lease involving more than one signer, include the words "jointly and severally" in your lease, along with a plain-language explanation of what the terms mean:  even if your co-tenant moves out, doesn't pay, causes damages, incurs violations or fines, etc, you are BOTH responsible.

We feel lucky to have gotten a property that will net a profit, that's for sure.For the smoke damage in the upstairs unit, we've been researching the heck out of the best ways to deal with this issue - without tearing down the old plaster walls to the studs - and have found lots of good info. 

That gives you no leverage of there is damage and doesn't encourage them to clean house and mow grass on their way out.

The market loves to overreact to things ( especially nonsense ) that will not effect the fundamental value of your investment but  cause the share price to drop-how will your personality handle that?