It would still appreciate overtime and build equity all while someone else is paying the mortgage.

I am not sure how you plan to handle rent collections but if you think there may be times that a tenant will need to pay via some non online option then having a bank in the area of the property can be good.

@Thomas Jacobson how much are you paying PMCs to come out and do a bunch of work?

You are going to pay top dollar for new construction, but it has several anomalies that will restrict your future value.

They pay all the utilities.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Assuming you've done the math and it is financially best to have them leave, lose the rent, and pay rehab expenses so you can charge a higher rent, just non-renew them.

A PITA to be sure but this doesn’t address all the possibilities.What if your tenant pays by the month?

You have to read a set pf plans to answer the questions, etc....And if/when you pass, you'll have at least 5 years of paying dues and losing money before you're any good.

Turns out, the appraiser said it would pay off.