(condos are cheaper, but not always ideal and the condo fees take a lot of the rent that could go to your mortgage). 

Hence you can see how interest rates play a large role in determining cap rates in a market in my opinion. 

For our next play we want to get into a single or multi-family, and preferably participate in what seems like a booming market in Florida. 

Detroit is literally one of the, if not THE, best markets you could be playing in today.

In my free time, I like to play pickleball, bass guitar, and I write real estate based articles on LinkedIn.

I'm still playing with the layout and trade-offs.

I would send a letter to all units of the building reminding them of the clause in the lease you cited and let it play out from there.

In an ideal scenario, it’s possible to complete the process in about three months—especially if the rehab is minor, you have your financing lined up, and the property rents quickly. 

Ideally, you know every cabinet placement, tile selection, etc when you meet the contractor for bids.  

(I have children that could no longer play in the backyard unless someone sat and watched them) i replaced the 15yr old garbage disposal out of my pocket so I wouldn't have to deal with the incompetent plummer again.