With paying for the upfront expenses of the franchise, I should have an excellent return once I get the hang of it.  

Though, with an unveiled threat left hanging over the conversation, one of the council members has said they will be hiring two new investigators at a cost of $200k/yr to operate sting operations to make sure landlords are in compliance.  

Welcome to BiggerpocketsCheck the fileplace and hang around,as something useful might crop up

Wow....I bet you're a lot of fun to hang out with!

The question is how long can you hang on waiting.

It is much easier to hang on to a positive cash flowing property in a downturn then it is to hold onto a negative cash flowing property as many were trying to do when the last bubble burst.It is also, interesting that our country has very segmented markets now.

extend the wall up to the ceiling in the shower with the head hanging. 

So, no, I'm not going to choose a market just by how much I just enjoyed hanging out in that area ;) I also want to explore vacation rentals as an option, so that's going to take a while too.Thomas S. 50% of revenue going into expenses, that's what I heard too.

To me that's a lot of eggs in one basket.

I'm sorry to hear about all the damage you've had, but at least you and your tenants are safe and there have also been some silver linings.Keep hanging in there and getting it done!