Sorry, can't suspend disbelief
What's funny is that I know somebody who bought a house like this in San Francisco area, approximately the same time frame (1990), for $1 million, and who also rented out the main floor to make the mortgage.
1. The racism angle is preposterous. The applicant who happened to be black was acting quite hostile and belligerent about the credit application, I would have told him to hit the road, take your attitude with you. They had no problem renting the other suite to the Asian couple as well. I found this contradictory, or at least not very well thought out.
2. My dad had a 4 suiter, the day he bought it he went to the corner basement suite and told the deadbeats living there to get out, and out they got. Then he changed the lock and that was it. They hadn't paid the rent in months, the electricity and heat had been shut off by the utility company, and the former owners were inexplicably unable to deal with the situation. This was also in the same time frame, early 1990s, so I don't think the laws were necessarily all that different than they are today.
3. The part when Carter flashed his wallet full of $2900 and Drake licked his lips at the sight of it, I practically burst out laughing. Completely bogus. Here his monthly mortgage payment is calculated to be approximately $3500 spread over 3 units, and he's drooling at the sight of $2900 in one place? C'mon!
4. A landlord has reasonable access to his property, all you have to do is post 24 hours notice to get access.
5. You know what, I never understood who Greg was (the roommate). Where did he come from, where did he go to?
6. I didn't understand Carter either. He's a rich kid who went out of control as a psycho con artist? And he lets himself get all beat up (first scene)?
7. Why did Carter dismantle the Porsche in the garage? How did he get around after that?
8. How did Drake get off his charges, because I tell you assault like that is a hard rap to beat, and I didn't see him as having beat it.
9. WHERE DID ALL THE MONEY COME FROM. In one scene Patty went to the bank to try to borrow $5,000 to pay for the leaky roof and other problems, and walked away after being told she needed to deposit $5,800 security deposit first. I had heard of banks trying that kind of move back in the 1990s, didn't seem like much of a lending strategy at the time. So if she didn't get the loan, how did she pay the lawyer, the exterminator, the mortgage especially with neither unit paying rent, etc? How much credit did Drake have left on his credit cards for Carter to steal anyway?
Michael Keaton was awesome in this movie, too bad the plot was so poorly done. Somebody had told me years ago that it was a good show to learn how much you can get away with as a bad tenant, I didn't come away with that feeling at all.