If you stash $1400 per month away for a few years, the housing cycle will turn over again and you will not only have dry cash on hand, but prices will be lower.

If they have not moved out or paid in the 7 days, then the landlord has the right to bring suit which is usually very cut and dry. 

I don’t want to pay 46ish percent...Now at some point (~15 years from now) I’m going to care a lot less about mortgage interest because other income sources (read: j-o-b) will dry up if early retirement is on the table.

.  --   3780 sq ft 2 story office building (office was previous use)--  Built appx 1900 -- think it's brick, or block with some sort of facade, possibly limestone as that is common in the area -- has a basement as well with partial crawl space -- good soil in the area--  Appears to be structurally sound - no issues - however needs further investigation, the floor joists are likely large old world pine/oak or other hardwoods shipped in so they should be good as long as no previous termite damage/dry rot--   Basement professionally waterproofed 15 years ago - should be no water issues, we've had lots of rain locally (more than we've had in likely 10-15 years) and basement supposedly has not leaked, think it's limestone/concrete -- Building also surrounded by Concrete -- water should not be an issue-- Per agent this week there will be a new roof put on (Flat Roof) at a cost of $17k-- Asking price $60k-- Has been occupied by an accounting firm for I believe 40-50 years - they owned the building and have left as they merged with another local accounting firm and moved to another building-- Dated inside -- lots of paneling, probably dim lighting, HVAC is kind of dated****************************Potential Downsides/Other Pertinent info-- Likely will have low or nearly non existent price appreciation, other than upgrades I'd put in -- I probably wouldnt factor it in any of my figures-- Lots of ranching/agricultural, oil/gas, wind energy activity around - city has the closest major grocery store/Wal Mart to lots of people located in more rural areas within a 1-2hour driving distance -- town is important for that aspect-- Located in a small community - town has appx 12-15k people, however it is a bedroom community located off of a VERY well maintained interstate and it's only 20-30 mins drive from the City I live in that has 500k people --   The city is a good "Clean" town if that makes sense, very nice community gym close by-- Building is on the downtown core - right off of one main arterial and 1 block from the other -- no plans in the future to alter traffic flow etc --- Lots of money has been put in by the city/local govt to maintain the downtown area and make it a very nice walkable area - with lots of little shops, antique places, a couple cafes etc -- A local company in the refining business recently moved the majority of their business there from Wichita and has put a lot of money into this community -- large donations to the college and elsewhere (they make additives and are a nationally known brand -- have been around since the 70's - only way they go down is if we go away from the internal combustion engine - dont see that happening in the time I'd own the building) 

I do think Milwaukee has a lot of areas that have good potential but the are drying up fast I think.  

But spending significant money on basement finishing largely will not pay off, so let the new buyer spend that money and just provide them the canvas of nice clean dry basement that they can use if desired.  

Spray it inside the housing away from the units and let dry before putting back up.

., RI General Laws Chapter 34-18) which is the body of RI landlord-tenant laws covering things like security deposits, evictions, required notices & timelines, default rental terms (in the absence of a lease - not recommended), etc.So if you think the RI Landlord Tenant Handbook is dry, compare it to the source material (the laws) and you'll go back and think it's just fine and dandy :)Good luck and you can post any questions you have here on BP of course!

We also are concerned about the washer/drying and the plumbing issues.Any help in this regards will greatly appreciated.

However, the upstairs is dry and doesn't show any mold or indications of moisture, either currently or previously.