Originally Posted by
Mackinaw
I assume/hope the demo notice is just leverage by the city. As the Freep has reported, the owners are "waiting for the rents to go up." Well, fine, but secure the damn building, otherwise you are just like any other terrible slumlord. And btw, there's a shit ton of work to do. Perhaps by the time you get financing and do the work, the rents will be what you want. I mean, look at that location...and you can also likely sell off nicely-executed condos for north of 200k/apiece.