Only negative feedback so far is, it is located on the 2nd floor and no elevator. 

There are no fire violations there, we are sure.Do you think that the judge would agree with me that Grandma would be safer in a modern nursing home, than on a second floor (alone - the rest of the family sleeps on the third floor) of a multifamily unit, unable to get down the stairs on her own?

Our property manager had a handy man install the new fridge.Fast forward to today, I get a call from the Property Manager saying that the new tenant reported water leaking behind the fridge, after a deeper look baseboards are curling up, mold is under the baseboards, and they need to remediate mold and likely replace the floors!

Also, there are usually more requirements sucks as parking, open space, green space, FAR (floor area ratio) and much more.

This doesn’t include getting to the slab or foundation so ground work, permits, concrete and land cost is usually in addition to.

Complete remodel, added hardwood through out the main floor, fancied the stairs up a lot and made the master bath feel like a spa What was the outcome?

Though there's a tenant in the 2nd floor apartment, it's all under the table, so there's no paper trail to show a bank.

They fumigated, ripped up & replaced flooring, repainted walls, ceilings trim and doors and replaced doors, Got the bad tenants out and much more.

We previously installed ceramic tile floors in kitchens and baths. 

. ** NOTE unless you have an earthquake the septic tank is self should last until the end of time it's just a big tank made of concrete.