Liquidity of nonwarrantable condos is typically really low.

triplex, back yard, 3 garages, close to Mills college, store and business What made you interested in investing in this type of deal?

Hey BP Fam,Its Marc here, the Nubie from NJ.So part of my of my investing strategy is to buy and hold multifamily in areas that have a blue collar worker force, specifically in zip codes with major Logistics and Warehouse hubs, as I believe eCommerce and online shopping is fueling their growth, and these fulfillment centers are fast replacing our retail stores - and they need man power to run them.......that being said.... 

I'm not a lawyer (do contact one), but if I owned a home I would either not hire a tenant at all, or pay them hourly and NOT keep them "on call" or anything else.Discounted rent as wages (think "company store") carries significant recordkeeping requirements, and yes there are people like me who are well aware of them and have lawyers ready to educate landlords who disagree with us, and their money is no object.

Property managers use regulation-compliant lease agreements, not a generic form from a stationery store.

I started at the mid point and then moved more to the equity side and liquidated some of the lower quality properties.

Use your liquid reserves to buy more cash flowing properties and increase that passive income. 

More likely is that you might get hit with up to $2k in unexpected costs now and then, keep some funds liquid.  

It would cost me considerable time and money to move and store the junk, not to mention concerns with trash and bugs.What are my options?

And I’m assuming those markets are also less liquid relatively speaking, so it’s harder to exit a deal?