I would rather leave a unit VACANT for as long as it takes then sign a bad lease with a tenant that negatively affects resale values and my investors down the line.

I guess it only takes one bad apple to cause a problem, but I have not had an issue yet (knock on wood).I’d leave it alone and reconsider later if it does become a problem.

@Terry Lao if bad management continues, it will keep hindering potential buyers’ options for financing, therefore, keeping the market value of those units down as they aren’t “marketable” Only options for a potential buyer are private mortgage and/or pay higher rate.I had this scenario myself where I owned individual condos in buildings governed by associations.

I’m pretty sure something else is coming up after the heater’s fixed and it’ll be non stopping, also it’s getting warmer in north cal.Is it a really bad idea to carry out UD process when there’s outstanding repairs going on?

That isn’t a bad result either.

It can be very easy to make a bad deal look good if you forget some of these costs so plan accordingly.

I can understand the concern because of the odor, but your question did not include smoking marijuana or taking marijuana pills for medicinal purposes. 

Jobs aren't bad, the wrong job is the problem. also having no job will crush your ability to use leverage. take your time, find a place that you can use your talents, grow, and be inspired. you can jump head first into real estate, but I would suggest that you implement a goal, plan on how to get there, then implement.

Definitely consult with your CPA about this as you may have specific situations that didn't come up in your post.Generally, there is an advantage to running businesses like property management or wholesaling through an LLC taxed as an S-Corp, as it can save you social security taxes (your CPA can run the numbers for you along with a more comprehensive tax plan).However, it's usually a bad idea to hold rental property in an S-Corp, so you probably wouldn't want these two revenue streams (rental and wholesaling) running through the same entity.Let me know if you have any questions!

@Josh Little, an installment sale like @Senthil Akasham suggests is not a bad idea depending on the history of the property.