Apparently the span in the floor does not support the weight of the floor plus stuff so will have to run 2 beams to lift the floor back up...or maybe just rent it to staggering drunks, which was suggested by a friend. 

It also helps to find lenders that will give more weight to the revenue and expenses on the property itself.The national lenders I get loans from do just that. 

Performing note buyers formulate their bids off of UPB and don't give much weight, if any, to deferred principal.

A few things with Allure that I noticed is that the seams must be clean and dust free, to the point I make sure we put the wax paper the boxes come with over the seams unless another piece is immediately installed, and you have to use a weighted roller or equivalent over the seams to really make sure it sticks hard.

However if this is purely investment (is no plans to move in after some time), you need to objectively do the math on your expected return given what you think price appreciation will be over the life of your ownership ( @Leo Kotschenreuther makes an excellent point) , weighting the risk of a downturn and your ability to continue to fund this investment, and compare that to using your 500k +2k/month to fund any other investment (Amazon stock, bonds, passive investment in a syndicated deal elsewhere.... ) We are holding our San Jose MF, but I've stopped looking for my next deal in silicon valley... property here is all priced for perfection (ultra low cap rates, neg cash flow, smells like 06-07!)

Unless the chimney is so crummy that it can't hold it's own weight anymore, you don't have to rebuild it.

I have a busy job, but can also make the property as tenant proof as possible, lessening the actual tenant problems. 

I know that good financial people are worth their weight in gold, so I am not afraid of paying someone. 

(I "idiot-proof" machinery so that the probability of death and maiming by said machinery is lessened.)  

. $20 or less for an online credit report is worth it's weight, and more, in gold.