Bryan, it sounds like you're in a tough spot, and there are definitely some red flags here, especially with the property already being sold and the lack of communicationYou mentioned the borrower has many properties across states.

Even more so if rates drop just below 6%, which is currently industry consensus.But that may not be true for all markets.

think about how long it will take to recoup all the costs i just mentioned.if you want day 1 cash flow... open a savings account.i say this not to discourage you but to help set expectations.Nicholas is spot on.

It sounds like you're in a bit of a tough spot, but here are a few options to consider: Go through the full report in detail to identify any errors, discrepancies, or inaccuracies in the comparable used.

I heard on Fox News this morning that the insurance industry has identified 80 high risk zip codes. 78 of them are in Florida.Back to back Florida hurricanes aren't helping the insurance rates.I also heard on the news several days ago they believe 15% or 18% of Florida residents are planning to move to other states.

If it did, I would go on linkedin and see what experience they had (for example that apple... company in TX had asset managers who were overseas VA's  - curious how many of those investors knew that and could have spotted a thirty second search would have created a red flag).5.

I would make sure that you're always learning and meeting people in this industry.

It doesn't take long to learn how to spot a good deal.6.

I think I have a good but expensive system of finding the sweet spot of ADR / Occupancy, but I think that is the most difficult part nowadays. 

So this makes North and Northwest Raleigh a fantastic spot and that's where we ended up.