The Code also states that CPAs should consider how this may affect their objectivity and future claims or perception of bias.Thanks for sharing.

So if $36,000 is owed for the remainder of the lease, AND the lease has no provision for allowing for early termination by the tenant, the tenant will owe $36k minus whatever NET rent is collected for the period of contracted tenancy.As per the property manager’s conclusion that they would be owed $1,800 in the case of you taking the property off the market, it sounds probable but no one can know if this is correct without reading the contract between yourself and the property manager.As a side note, many people entering lease agreements aren’t financially or business sophisticated, and probably don’t realize their potential liability.  

Personally, I lean on MLS data as the foundation, since it gives you the most recent and accurate sales, but I also double-check with Redfin and Zillow because they can sometimes surface activity that slipped past me or provide a broader sense of buyer perception.

As important, all sophisticated investors will only consider investment in private offerings that are Reg D, or occasionally Reg A, compliant.The most important aspect of Reg D is the 506 c offering, which ALLOWS general solicitation and advertising, and eliminates the requirement of the sponsor and investor having an established relationship

This is what the market is telling us right now, there's not a whole lot you can do about it.If you are buying in the Ohio market in 2025, you need to have a much higher level of sophistication than you did 5+ years ago when you could make big mistakes and still be fine.I've talked with multiple prospective property management clients who are under contract on a 4 unit property that will be negative cash flow on day 1 they close, even if they are self managing. 

It is similar to the few posts where I mention what I believe to be the best sophisticated value add in So Cal market, tenant in common coop.

Burst that perception bubble, and watch those masses of novice exit.

This generally requires more sophisticated drafting of, not just your loan docs, but also previous lenders loan and/or a separate agreement wherein the previous lenders agree to be in the same lien position as subsequent lenders such as yourself. 

I used to own three rentals in Seattle but after 2012 when the prices got too high I realized that sophisticated buy-and-hold investors invest where the numbers make sense with cash flow, not appreciation (gambling).

I have been experiencing and thinking these things but was unsure if it was just my own perception of things.