What is brewing in Bangsar South

Green Park Condominium at Taman Yarl,Old Klang Road

My KL friend shared with me a kang tau "Green Park Condominium at Taman Yarl,Old Klang Road" below market value. Below is the information given:

It is a penthouse with 4400sqf + 1600 sqf balcony
Owner Asking RM1 m
The house is renovated to 17 rooms and rental collection is about RM8000 per month.
The maintenance fee is RM1000.

I did a quick survey:

Yield seem to be good.
In my opinion RM1 mil to get RM8000 monthly rental from 17 tenants/rooms looks like dealing with too many people.  Dealing with 17 people looks like not worth it, too much work need to be done. Also is it legal to do such partition?

Although the deal is positive cash flow, it is worth it to buy RM1 mil and manage 17 tenants to make RM1000 positive cash flow?  Is there any others better deal out there? For example : buy 2 condo worth RM500k each to make RM1000 positive cash flow.Let see the calculation below:

Property Survey List for 2011 Vs 2014

I have done the property survey in 2011 and revisit in 2014.
Below is the record and finding.

Prominence Site Update - May 2015

Sharing on the Webinar

Steady appreciation in Bangsar

Which one to buy?

Which one would you invested?
Both located at Johor Bahru Iskandar area.

Case Study on the Barber shop

is the business model, like Air Asia, Alibaba, Tesco etc..
this is current trend.....薄厉多销
with this number on hand, if we are landlord, we know which knob to turn and how much....
no need to afraid they will move out.
Increased Rm150 rental per month, the boss also willing to pay.
he just need to increase the cost to consumer by increased RM0.50, no one will boycott them! in fact he going to profit more than RM2000 per month

KLCC Prices

Repaired roof top

I am adopting Solution 1.

Below are some other additional repair job conducted.Thanks to him.