Hi @Ray Li,I would get my feet wet by investing in a deal with a proven Commercial Multifamily lead that would allow you to learn everything from LOI, PSA, financial and physical due diligence (walking through every unit with property inspector and lead) every aspect from start to repositioning, to communicating with PM, lender, vendors etc...

Whether the building is amenable to that, I can't say since I have never seen the building or layout; i just assumed that the mention of submetering by the OP indicated that it was physically feasible.

Document all the past complaints you can and then move forward, or do nothing and wait around hoping none of your friendly neighbors takes expresses their displeasure with you in more physical methods.

Are you doing an asset sale of the physical structure or are you doing a stock purchase of the entity which owns the complex and possible other things?

Comfortable with physical distress?

One of my good friends once told me that 'money is the physical form of time'.

And I assume there are fees we'd have to pay with filing the paperwork, and eventually having to physically remove them from the premises.

, physical condition, potential value based on comps, etc.) is imperative when dealing with pre-foreclosures.

Is there evidence that a previous owner had done some physical changes to the building?

Contingencies are verbiage in a contarct giving you, teh buyer, an "out" of the contarct for a specific reason such as:This purchase contract is contingent upon buyer's physical inspection.This contarct is contingent upon buyer's third partyu financing.This contarct is contingent upon buyer's attorney's written apporval.Etc. etc. etc.