I’m not sure what sort of extensive “due diligence” you did but clearly you didn’t.

I question what percentage of those who invest in RE unleveraged actually understand the numbers and how extensive their underwriting effort.  

Partner Driven identified the Bayport Dr property through our extensive network and partnerships.

If you are thinking of investing with Four Peaks, I recommend that you perform an extensive due diligence check on them.  

With the extension for tax filing to July 15th and the disruption that both of our accounting firms in each fund have experienced from the virus, everything has been delayed for tax filings and issuance of K1s to our investors.Most of our third-party team members are working from home including accountants, lawyers and our servicing staff.

The average for the U.S. in the third quarter was a 28.7% return on investment.It’s impossible to know what every flipper in the U.S. spent to remake homes but Attom said the 28.7% return is within a range that could be easily wiped out by renovation expenses, mortgage payments and property taxes.”My large last extensive rehab was a little unit and I spent over $100k and I have done quite a few rehabs (3 last year, so hopefully my cost is competitive with what can be achieved).  

What was your extensive research?

However, our seller wanted to actually identify the property prior to closing - they had extension rights in their contract. 

@Preethi S. understand your concerns about PMCs defending themselves and throwing owners under the bus.But... how is it okay for you to NOT share all the context, yet throw the PMC under the bus, and by extension all PMCs?

They extensively damaged the property from floor to ceiling.