Some would suggest moving elsewhere, but not only do we enjoy the life we live out here, this is where all of our family is located.

- Location.

Every property is going to be unique as far as number of units, age of property, condition and location.  

I offered the tenants the option to terminate the lease, along with returning their security deposit and February rent.

Good locations are best for this strategy, for example I’m able to add six figures in value quickly in my area due to the spread between the updated and un-updated property values in my area. 

If you find the profit spread is lean, you might want to hold off on building, particularly if you feel the land is located in an appreciating market.

Also Condo's regardless of location will always have the added burden of HOA fees, which tend to dilute economics. 

Again would really depend on location, building, hoa regime & how much if any equity you have.

@Stevie Nosekabel ok, if your properties are located in Ohio then we should speak with some local Ohio people.  

Costs can vary significantly based on your location, the specific conditions of your home, and the contractor rates.