Hi EveryoneA few years ago I was required to install a monitored fire alarm panel in my 8 plex. 

But I am not sure I want to use that because first, I really can't be there to monitor if a BF is there more than 7 days in a month, and second, I really don't care how often the BF stays, it is the parking space congestion issue I need to resolve.A casual conversation with the tenant resulting in her playing dumb..."

Your PM should have done that after the first time they didn't provide access to the property.Secondly, this is the price investors pay for investing in places where the laws are heavily weighted in the favor of the tenants.

You could chance it and if you get called out you will have to change it back or just leave it as is and set up a joint checking acct. with the current owner and pay from there so he can monitor the activity and know that the bills are being paid on time.  

Regularly monitor and analyze inventory levels to ensure they align with demand.

I'm sure there are 'better' cases of me being dumb and overloading my truck (like signing a waiver because I was over weight after buying a few pallets of tile) but hey -- it got the job done. 

@Mindy Jensen, estoppel certificates are always advisable in that they bind the seller and tenant, and courts can afford great weight to estoppel certificates (if you got to that point). 

That extra 1/2 month's rent you pay the co-op agent can be worth its weight in gold. 

I doubt in your underwriting you are including "gun shots" or "police calls" are given any weight no matter what the development is.

Stick to your budget going in, or at have a trusted person with you to to help think through whether new information or other rationalization has you inclined to bid more.2)  value your time:  On an individual deal basis, I see people who are attracted to time freedom via real estate/cash-flow/passive-income sinking an awful lot of time into evaluation and pursuit and monitoring and decision-making.