@Dan Heuschele, sounds like you got your answer, but over 5 years of actively working with over 4,000 LPs, my experience aligns with Brian's.I am sure, as of today, the number of LPs that want out of deals going south is probably much higher than leading into this correction, but unfortunately, if you want out after there is already a scent of blood, the chances of finding a willing buyer at anything more than pennies on the dollar is probably slim to none.That being said, I know Cadre runs their own secondaries platform.  

You don't want any bad blood with a tenant before you become the owner. 

You either have landlording in your blood or you don't.  

State law says you need to start within 90 days of acquiring the property to avoid liability if that child has high lead blood levels.

It would appear that the kind of people that CAN get a mortgage are looking for something higher-end, and the people that could AFFORD the mortgage on these lower-end homes do not have the credit or wherewithal to ever be able to own a home.None of the homes are "upside-down", per-say, but something is only WORTH as much as someone is willing to PAY... and so far, all indications are that no one is willing to pay anything.The area has a combination of an aging and low-educated, low-income population with very little "new blood" being attracted. 

@Trevor Aydelott Elk City is heavily reliant on the oil industry for its economic life blood, and tends to boom and bust along with it.

Put your money into fixing the problem rather than wasting it on a lawyer.The problem is caused by poor air circulation and moisture build up likely caused by the tenants.

I am not beating her up in any way, but it made my blood run cold.

*enough saidOnce I was fully out of Memphis, I was finally able to sleep soundly.Deals are abound, but terrible tenants and blood sucking PM's and so called "Investment Firms" abound as well.Sticking to what I know, in area's I know, is what I'm all about now.  

I love seeing all the new blood flowing into the BP.