A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

You do not indicate what you are expecting to get from the HOA settlement with the insurance.$150k (owed) + $100k (rehab cost that seems very high for 470’ interior only) minus the HOA settlement is less than $260k.  

It would be costly to the tenant.As indicated, tenant is best served by negotiating the best terms LL is willing to give them for an early lease termination.  

There are a lot of signs the economy is struggling or over-priced (Buffett indicator, unaffordability, M-Score, etc.) but to assume we're on the precipice of an unparalleled meltdown is probably overblown.

Also be leery of underwriting by anyone that has not been in the market long enough to have long life cap ex failures unless they indicate their cap ex is derived by cost and expected lifetime.  

It also has a bunch of really unique benefits/tools for your rental portfolio (Lease Indication Tool, Expense Tracking, Maintenance Requests, Rent Collection, Tenant Communication, etc.) in one central place  Might be worth you looking into if you want access to something that's affordable ($5/month per unit), has lots of features that I enjoy, and more - especially if you’re unhappy with some of the tools or processes you’re using today with managing your property. 

The gentlemen above indicated he did close on a loan with them and got the funding.

Given the owner's negligence and some indicators I observed in the building, I knew there would be areas to potentially retrade on.

What indicators or data should I be looking at?

As someone deeply immersed in the real estate finance world, having worked with numerous direct lenders and analyzed countless deals, I want to break down what this data means for lenders, brokers, and borrowers/developers alike.The Big Picture: A Market Slowing its PaceThe data clearly indicates a slowdown in the housing market for 2025, primarily driven by sustained higher mortgage rates and a gradual increase in housing supply.