As long as we don't have to take a major haircut on the market rent we are able to charge, we look forward to the opportunity to help people improve their situations.

Just determination, focus, and a lot of work.Also, and I don't toot my own horn very often, but I feel there are some REALLY good nuggets of info in this thread: I quit my CPA Job to Buy Large Apartment BuildingsFinally I had the privilege of doing a BP Podcast that will air on August 13, 2015 so keep an eye out for the link and I hope you will be able to listen in and learn a thing or too.

The City is putting a lot of money into improving the downtown core area with light rail and encouraging retail investment.

The Lease needs to be clear in its definition of what you are trying to accomplish here which is that the Tenant pays for all of the operating and maintenance expenses of the property.In addition be sure to include an understanding of who pays for major capital replacements (not just maintenance) such as replacement of the heating and air-conditioning units, water and sewer lines, electrical mains, roofs, glass, etc.

Over the past two years the city has been executing this revitalization plan and the neighborhood is improving. 

Hire a certified industrial hygienist to perform an air quality test (recommend this over a test kit you can buy at a store since those typically do not hold up in court.

I think central heat/air could go out of style if ductless heat pumps become cheaper and easier to install or if window/portable heat pumps become cheaper, more compact/sleek, or more efficient.

No matter how good your coach is, you need to develop yourself too by asking good questions on RE.Joining one or two good RE Investors Association in the city you live in will also improve, and speed up your learning rate.

Tell the old PM why you are taking it away - it may improve their performance.  

IE what they buy today they plan on building on in 10 years..In Oregon it used to be we could buy a 20 acre site.. get it approved for 120 lots in 90 days build it out and have sticks in the air in 9 to 10 months.the gresham project that I have posted about ( with your help )  its taken right at 20 months to go from contract to sticks in the air.. we broke ground last week on the first 6 homes.