Try to keep control over everything you do.  

Condo's come with their own bag of headaches because you do not have complete control over the property.

A few days after the offer was made, we had a Home Inspector and Pest Control specialist walk and review the property.  

WithoutStay in control of everything you are responsible for.  

I've spoken with several investors who are selling their investments in PDX & going out of the state where they have more control over their properties.

My rent-controlled apartment in Manhattan is being re- bricked outside and the walls are crumbling . landlord said it’s a health hazard to stay , and asked me to leave for 7 to 10 days but not providing a hotel or an alternative space . can they do that legally ?

You will not have control over the payments made on the loan and if they are missed you will have to make them and your credit will be damaged. 

I consider myself to be pretty fair, but tough on tenants, however the reality is SOME things are beyond a tenant's control.

When a deal is assigned to a tenant/buyer after you gained control of the property, they are taking over payments via your deal.

Downside is that you dont directly control the collateral, the fund does.