I mean it’s not that bad.
Pros
Cash gets you in. Owner has a lot of availability. Neighbors are nice.
Cons
Pest and area isn’t the best. They are working on it.
Advice to the owners
Clean up your buildings
Management isn't responsive and doesn't care
Pros
It's a very cool loft building. Neighbors are interesting and creative. No bugs, relatively clean. They also were not aggressive in raising rents year to year.
Cons
The garbage dump outside the front entrance. Horrible. The worst is the noise issue. They have a separate artist rental space in the basement, with a completely different management who is able to do whatever they want. Make noise at any hour, disturb any residents. They could care less. It got to the point where I could not sleep at all on an average night and was forced to move early. Management never acted once, and did not return my security deposit.
Advice to the owners
Be more responsive and understanding to your tenants needs.