That $30-$50k deposit loss represents an entire years salary.  

@Bill Brandt & NEVER die with a huge carry forward loss !!!

Ride it out, try to enjoy the parties/weddings/etc...And sorry about your loss.

., for example, recent conversions slated are to remove 158,000 square feet of office inventory from the Plaza/Midtown, an area that's become a popular urban address for younger people who are looking for apartments, says Dennis Bradley, principal at B&A Architecture in Kansas City, Mo.The conversion to apartments is occurring after the owner tried for two years to find a single-use office tenant to occupy a 60-year-old office building that is now being converted into 101 apartment units, including eight two-story penthouses.Meanwhile, the losses of office inventory are expected to stir more ground-up office construction and leasing activity in other office buildings, the CoStar Group reports.Source: "Office Today, Apts.

Be sure to have a Loss of Rents provision.4.

You will have some advantage in that your monthly debt service will be lower in Scenario 1 but the time to recover the difference is estimated as follows:Payment SavingsCost to Market ReadyRent loss while making the property market ready: $1000x3=$3000Rental Period to recover additional cost if the rent is $1000/Mo.

Did you get the last 12 month rent roll and profit and loss statements?

As it was stated, one move by the Jeep line and Toledo is done...again...and that's if you consider it not to be done as it is. 10% population loss in one decade - no **** every apartment complex is for sale...lolGood luck to you guys.

High probability of small benefit, very low probability of HUGE loss.

I actually enjoy the sect 8 arrangement because the tenant is being threatened with loss of their voucher by not paying their portion.