This takes a LOT of my time.If I went to get a judgement against this tenant for the balance of the lease (if I could even find them to serve court papers), the judge would tell me to go pound sand, absorb it as a business expense, go re-rent the apartment, move on with my life and quit bothering him with this "nonsense."

Philadelphia happens to be better positioned than most to absorb life science assets because of the local human capital but look at all of the developments stalled or failing to break ground in University City because the developers can't obtain tenant commitments.

I love Never Split the Difference and am currently re-reading it because there's just so much value that it's impossible to absorb everything in one go.

Take in and absorb as much information, but more importantly take action on it.

In your situation, you can plan to minimize your losses or to trigger passive gains to absorb these losses.

If strategically that gives me an advantage then I am all ears; I am trying to absorb knowledge and not stick to potentially preconceived notions that aren't beneficial to my "business plan". 3: Financing is good for me, but I've never shied away from discussing deals that make sense.

Also, since a developer out there just turned an enormous amount of previously spongy, wooded land, with lots of tall absorbent grasses into a big fancy neighborhood, I suspect the flood danger has increased for the whole area and it will likely flood worse than before.

I will also still be educating myself on as much information as I can possibly absorb before jumping into my first deal.

10) Restrooms maintenance & common area cleaning11) Is there a way to recoup the initial built out costs that I would have to absorb to make this work? 

It might have something to do with their 200%+ appreciation in a couple years...lol.I don't think you'll see a precipitous drop for the next 2 years like you have seen the last 2 years but another 15-20% from here followed by a period of flat prices until sales start absorbing more inventory.