Separately from all of that - I recommend reviewing your lease up procedures to improve verification of signing tenants and their agreement and aware of terms and conditions. 

Now the details, price, condition etc.. 

Hard money was the best option for this property, given the condition and timeline to close.

Hard money was the best option for this property, given the condition and timeline to close.

It isn't just the condition of the property but ownership situations like this.

Purchase price: $814,000 37-Unit - HUD Section8 HAP MultifamilyOverall the project was situated decently well at closing, occupancy was mid ~85%, and overall the property was in very nice condition.

Those conditions don't exist any more, and the government has the right to regulate land use to try to prevent the current conditions from repeating. 

@Jake Baker Love the approach of measuring the total offers that you send, if you know your strategy most of the time it is a numbers game no matter the condition of the market. 

This decision turned out to be a tough learning experience due to the location and condition of the property.

With that being said, I also want to make sure the market conditions are right and the math makes sense so that it is a wise investment, not just based on our preferences of where we want to live.