However, I do keep an awesome net worth spreadsheet which is equally enjoyable to watch--eases the pain of never having an impressive bank account.

Hey @Winn Merwin , Yes, there is a lot more time associated with managing it though the benefits seem to be outweighing the pains associated with it. 

Unless you live there , it will turn into a royal pain . 5 people from 5 different backgrounds doing their own thing .

My agent worked at the same brokerage as the listing guy, and I got some good poop on him as well....got back in there, walked away twice, spent a lot of time at the building talking to tenants, figured out the sellers pain points, came in hot on those, and eventually got it done.  

Technically, I believe you can use their deposit for the "damages"In reality, if they have been a pain in the neck all along, I would go buy some touch up paint and do it myself.

Really just depends on whether they were a real pain in the butt when buying it or not and whether the response will even do anything or not.  

NYC is a pain with gas work now so I'm actually surprised the bid wasn't more.

But I can imagine being a major pain.

It is a pain to pay a CPA to get the K1s right on a small deal. 

The tenants are trying to purchase from the landlord but are self employed and their co borrower is a pain in the ***.