Good luck......and stay the h3ll away from gurus!

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

I have experience in updating and renting out 4-plexes and would like to grow my portfolio.

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

The complexity of turning a shell of a building, with what looks to be outdated mechanical systems and structural elements that most likely needs updating, as well as any city permit/planning elements are part of the equation that you have to consider if this is worth the risk.I know I will get flak from members of this forum.

I stayed away from condos back then due to the limited resell market (harder to sell to a family).

Stay engaged on here and you will find so many doors open.

Could use a little updating, but it is also rent ready, and is in the same condition all other condos are in that complex. 

If it really comes to a point that you just don't want to deal with them, first offer them a breach of contract option in the amount of 2 or more months worth of rent (It's called a contract/lease amendment) and tell them they lose their security deposit and owe rent for the current month or months they stay in the unit.

You might consider hospitals, as patient families often need long term stays.