I closed my first multifamily syndicated purchase this week (24 unit, 7 yr old high quality condos in Des Moines),but, my second deal fell through because the largest investor pulled out at a late stage and I didn't have a backup investor so couldn't get to closing.

I've heard everything from "financing fell thru" to "the buyer flaked".

Most responsible tenant put ac in window,,I didnt see it for a few years, until the WHOLE wall window occupied fell apart, sheetrock gone,,sheathing rotten,,,sill rotted,,siding BAD shape.

I used to worry about things like this before too, but never fell victim to a person posing as an interested tenant lead.

Reo Broker just emailed me that his SFR listing in 90043 just fell out of escrow because buyer couldn't secure loan. 4Bed/3bath 1800+ square feet just reduced to $290k.

It was a potential deal, but as it being the first one that I was attempting, to me at this moment it was a deal that fell through.

The whole process lasted about two month, the seller ended up raising the price on me, since it was my first deal I fell victim.

When it fell it smashed out a very large section.

The REO Listing just fell out of escrow with the old buyer and we stepped in with an offer at 285k.

I wasn't necessarily using the mortgage as a gauge to set the rent, but I wanted to see if my mortgage fell in the range for market rent.