Moreover, "[v]olitional unwillingness, as distinguished from good faith inability, to meet contractual obligations furnishes neither a ground for cancellation of the contract nor a defense against its specific performance" (Meisels v 1295 Union Equities Corp., 306 AD2d 144, 145 [2003]).  

If the upstair tenant is in volition of the lease you could hold them somewhat more accountable to their children during those hours.I agree kids are kids and thick carpets or rugs may be your best response.

It was by no means not cheap but I have always been of the volition that if they can do it better and faster than you then hire it out so they can give you time to focus on the bigger picture. 

If I were to buy an occupied unit I'd have to wait until the tenant left of their own volition before investing anything in it, which if I'm unlucky could take years or even decades, all the while the tenant would be paying below-market rent.

Everybody has a different level of risk tolerance, so you need to find yours and master it.I have several friends who only park their money in 401(K) accounts, max out every, take advantage of company matching and are okay with volitality.

You can try and take them to small claims court later if you feel like it (its not worth it) but if they move out on their own volition and don't damage the place that is usually the best you can hope for.

If they leave of their own volition, then that saves you the trouble/cost of the eviction.

Hi @Joel Arndt and @Frankie Woods, let me ponder it a bit - I relied heavily on @Ming Lim and the Volition Properties team as I was a condo owner and total noob.They have my numbers in a mini case study that maybe we can tidy up and share - as Ming said, there are only certain neighbourhoods where this makes sense.

But technically all of the verification of the property and the cash flow should come from your own volition-- verifying rents and lease agreements, property inspection, deed/title insurance, comps, etc.

BP will not allow numbers and e-mails to be posted outside marketplace but you can check out Chris Darwiche at vinegroup.caMeetup:https://www.meetup.com/Volition/events/252476702/?