You gained credibility when you took personal risk to protect your LPs during the prior downturn, and you’ve secured my trust with your actions during this cycle.

I also rehabbed it prior to going str. 

They approved a tenant in Dec. 2023, with 4 prior evictions (latest being in 2018), and some other misdemeanors, and the PM ended up evicting them in early July.

Seems like it would be easy enough for a residential underwriter to condition for the home to be vacant prior to closing. 

The first link makes it appear as tho I'd only need to pay gains on depreciation paid while renting (however, that example has Alice living in the home for "22 months" prior to sale, which doesn't apply to my case!). 

We typically dont have inspection reports prior to the rehab. 

The best way to look at the 45 day period is to try getting one of those properties under contract prior to the end of the 45 day period if you can.

  - 15 Days prior - Setup a time day to do final walkthrough and transfer keys. - Day of, change locks. 

Not sure how you can be 94% below projections without some gross lack of due diligence prior to purchasing these assets. 

Here are a few stats for the Jacksonville market and the rental portfolios we manage (over 4,100 properties):Property Management:- 98% rent collection- 672 homes rented with an avg duration of initial lease of 26.5 months - 581 leases renewed- Avg duration of resident stay of 54 months- Current occupancy 99%- Rents have rise 8% year over yearJax Market:- Med home sales price - $300k- Homes on market - 4,264- Home sold month prior - 1.17- Year over year appreciation - 15.7%  I just did a Jacksonville Real Estate Market Update on our weekly show and I do it every quarter.