File a complaint with Columbus 311 (614-645-3111) for the yard conditions, and separately with Franklin County Public Health (614-525-3160) regarding the dead animal disposal and unsanitary conditions.

Investors who understand these guidelines can structure deals more effectively and avoid surprises during underwriting.Considerations for WholesalersFor wholesalers, understanding financing can also help evaluate the strength of potential end buyers.If an end buyer plans to finance a purchase rather than pay cash, the deal must typically meet lender requirements related to:• Property condition• Appraised value• Rental income potential• Debt service coverageHaving a basic understanding of these factors can help wholesalers identify buyers who are more likely to close successfully.The Broader Takeaway for InvestorsThe real estate business continues to be influenced by how brokerages distribute listings and how lenders structure financing.For investors and wholesalers, two practical considerations remain constant:• Where potential deals originate• How those deals will ultimately be financedInvestors who understand both sides of the transaction often place themselves in a stronger position when identifying opportunities and executing their investment strategy.

Principal high-sellers are not as willing to sell at deep discounts if they can get full retail valueInterest highTaxes-high (taxes are a function of value * municipal tax rate)Insurance-highWe are having more luck with disciplined acquisitions where the financing and basis create margin under today's conditions. 

The other consideration is, what is the TRUE condition of the total building and it's various systems, including electrical, plumbing, HVAC, building envelope, roof, and structural.

Great condition $325k/unit and approx $170/sqft.

We knew the condition was bad & he mentioned that he needed to get rid of it quickly for another investment opportunity.

Buy boxes first - Get very clear on what active buyers actually want (price point, neighborhoods, condition).

I think you're handling the situation very well and being smart about keeping the market conditions in mind.

Many syndicators and investors (myself included) bought properties at low cap rates in 2021 and 2022 because cheap debt was available, but many of those deals didn't work out the way people hoped they would because market conditions changed. 

“What’s your absolute deal breaker — cap rate, condition, or neighborhood?”