I'm finding so much of this info on this thread to be fascinating and this is of yours is of particular interest to me, as I am considering doing something along these lines.
When I moved into my home 10 years ago, it was a pretty run-down neighborhood mix of 60 owner occupied, rentals and Section 8 townhouse units. Well after a summer of real trouble a bunch of us got together and did the neighborhood watch thing and things started leveling out and calming down. The city was cracking down on code violations, etc.
Different people moved out and in and the cohesion kind of eroded.
It is amazing how tied are the hands of the City Inspection Department and the police department. I'm on a first name basis with half the people in both departments at this point.
I'm not looking at retirement, but I am looking at suing some of the slumlord landlords and naming the city as co-defenents. I have an end unit with 3 vacant units attached to me and so can't sell my place. And the city can't do a bloody thing about it.
I'm losing money every day that I can't sell and they just increased the txable appraisd value on it by 32%. The same city that can't deal with the problems.
sorry for my rant
Furthermore, thank you for your kind words.
i say to all (and especially those who have vacant units ) who complain about so-called "slumlords," just ATTEMPT to find a decent, law-abiding, pay the rent on time tenant for your house/unit. it's a needle in a haystack in most urban areas.