Hitting 7 figures in assets took determination, endurance and persistance.With a military background, I often told myself that this was war and I had a mission that it was actually a fight for the life I wanted or economic death.

For future readers here are the cost centers:-Loss To Vacancy-Collection Losses-Loss To Concessions (not these first three are "economic vacancy")-Salaries and Personnel-Insurance-Taxes-Utilities-Management Fees-Administrative-Marketing-Contract Services-Repairs/Maintenance-Capexand here is a breakdown for them backed up by a study referenced several times in this thread:2010 Survey of Operating Income & Expenses In Rental Apartment CommunitiesNote that these expenses are not all items you will incur each cash flow period and thus things like capex are inherently lumpy.

I actually sold a condo that I lived in for several years - primarily because of the HOA - and have decided that I'll never live under one again.I know that does not help you, but I suppose the real question is whether you think it is worth the time, resources, and energy to fight the board.If you've been unable to find such a screen door, perhaps the members of the esteemed (TIC) board could identify where to find one?

There goes your vacancy rate for awhile.Don't get me wrong Robert, there can be real money in multis, if you're willing to go put the energy in to what needs to be done and have a few more headaches.

Areas of town that used to be prime for flipping are now economic wastelands.

I've been with this organization since I graduated from the University of Texas at Austin with a degree in Economics.

My units still do OK, and its a big help for him.If you're renting under market, you have to include "economic vacancy" in your list of costs.

His relationship of gambling and investing is an old one, but in economic, financial, statistical or let's say from a scientifc business basis, the statement is not a true.

You are at a great age to have the energy to get it done.Keep it balanced and build as you can on your terms and nobody elses.Good luck.

Contacting the above SC resources will just cost you some time and energy... and may make your decision on if you should go forward with legal action a little easier.