This is on my mind specifically this week as the Washington DC City Council is considering a bill to clamp down on "slumlords" who let maintenance issues go longer than 30 days.  

Not only does BP have great online forums and gives you the ability to network with other investors, there is also free online courses and videos for you to watch and learn from.

What a remarkable opportunity!

A bit of a catch 22, you enter into a purchase contract without the intent to purchase or the ability to buy you have a voidable contract.

You have to "educate" your tenants on the concept and rational for the change which is not in their best economic interest, and offer them something in exchange for the higher rent, otherwise you are going to have a tough road ahead converting them.Your tenants have enjoyed both under market priced office space and underpayment of their fair share of operating expenses, and your ability to now up their rent by 30% and increase their expense reimbursement to market will not go over well no matter how eloquent you phrase your justification for the new higher rent and expense reimbursement.  

Having 60k in debt is going to hinder your ability to qualify for a loan.

I hold a degree in Electronics Engineering and another in English/Creative Writing.I also am suffering from a traumatic brain injury that I incurred while on active duty (Vietnam) that, while not affecting my intellectual abilities, causes minor judgmental problems at times.

The ability to walk away from bad deals is a necessary skill.

So a triplex consisting of all 1 bed 1 baths receives a bill of $39,588 (amortized over 30 years) and incurs a monthly bill of $93.00 but yet a SFR that has 3 bedrooms and 3 bathrooms is only subject to $15,000 (over 30 years) and a $41.00 monthly sewer fee.  

They feel by lowering the price it doesn't show they are willing to help out with repair costs, it would just give the potential buyer the ability to negotiate the price of the home down further.