If I could cash flow from day one and increase revenues by adding pads this could be a good investment.

The tub was the type that also had the side walls as one entire piece so along with the tub that was cut out was the walls as well.I contacted the home insurance and was later told that they were unable to cover any costs associated with the replacement because it was considered "over a period of time damage" and not sudden.I was well aware of how to demo all of the old tub and to clear out the area but after that my youtube education began.

It will include a clause regarding rent increases during the lease term.Short sighted of landlords to tie tenants into long leases.

I've been aware of the strategy of using your 401k to borrow money from to buy real estate for some time now.

I've seen rates increase a little but not too bad.

If this is such as major issue that they sent a letter around, and they feel everyone should do it, then the best way to make sure it's done is they make it building wide project.When they do these projects however, they either increase the monthly fees for everyone, or do a one time assessment charge.

. $14/night AirBnB tax, and letting renters pay their deposit over the first 6 months of the lease, among other ridiculous laws), as well as increasing my property taxes 25% this year to pay for their wasteful spending, versus a more conservative government in Phoenix garnering less property tax and more relaxed rental rules.  

You are correct the oil boom has caused significant increases in property costs here.  

Those are some high taxes going back to 2007, with some very substantial increases year by year.

If exchanging the 1245 property ends up being no longer allowable there will likely be an increase in partial dispositions and retirement of 1245 property or valuations showing that the 1245 property has little to no value.