Most lenders will condition for the JV Agreement and might source the deposit via your partner's bank statement.

Sometimes they take a while to respond to questions, or conditions pop up last minute, leaving buyers scrambling.

The condition made it ideal for improvements that would significantly raise its value and appeal to the local market.How did you find this deal and how did you negotiate it?

Typically the answer to slow leasing is price followed by condition.

That means every local investor has passed, either because of condition, price, neighborhood, or some combination.Maybe @Remington Lyman can tell us what's up with it I had a client, who I found out was a wholesaler so I fired them, write an offer on it a while ago that was not far off of their current asking.

Student housing just hit roughly 95% occupancy for Fall 2025, while many conventional multifamily assets are still hovering under 90%.That’s a pretty wild gap when you think about it.Even with higher rates and tighter lending conditions, demand for quality, campus-adjacent housing hasn’t slowed down.

And have the yards been left to grow 5 feet tall etc etc.current condition will dictate exit on these. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

It can sell and homes do sell, but has to be at the right price for the condition and access.If you want the brutal truth here on BP, post the address. 

Examine the condition of the apartment, Google the tenants and make sure you have scans of the last six months of rent payments.