Basically, in 1996 a married couple out of “love and affection” for the grantee, gifted the property to her “reserving unto themselves a LIFE ESTATE in the herein real estate”.

While working with the mortgage guy at USBank and discussing the issue I had at the previous bank he said they basically just look at the numbers with larger MF complexes. 

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

Basically, the developers and initial investors make money early on in these deals.

The unit is basically open finished space if a tenant wanted to create a salon or make other major modifications, who would be expected to pay for the modifications.Thanks in advance for the thought leadership. 

We decided about 2 yrs ago to turn these properties into STRs since they're smaller and are very basic.

Licensed appraisers basically line up in a queue and do appraisals as their number comes up. 

Buying Tax Liens (More time and challenge)Those are really only a few basic strategies, but dig into those a little bit and see where it takes you, feel free to give me a shout if you have any questions!

Basically, I would like to know how transparent these deals typically are, not just in the due diligence stage, but after investing as well. 

However, your desire to renovate, or the current owner's desire to sell the property, does not supersede the tenants' rights under the lease agreement, and you inherit the terms of that lease when you buy the property.If the lease does not include the use of the basement and the garage, the owner (or you after you close) can petition the tenants to remove all of their belongings from those areas, but the tenant would presumably have the right to comply and thereby not compromise their continued rights to the first floor (basically, a lease violation that is curable, if cured, is no longer grounds for eviction).