Wow, a 20 percent drop is unheard of?

That’s honestly unheard of down here, usually my goal is to see 1% of the gross rent in purchase price in an area that shows signs of expansion.

The TK company should have given an estimate on time.  3 months is long in the investment world but not unheard of.

@Jenifer Levini it's not unheard of for an LLC or even an S Corp to be passed through in a suit.

That seems unheard of.  

The ones making a killing are the ones who bought in the 70s and 80s when the city was bankrupt and essentially giving away foreclosed and boarded-up properties.If after debt service and taxes and all of that you are paying less than $700/month (which is almost unheard of in NYC these days btw) then maybe its a good thing, but you would still have to tie up so much capital to add a few hundred dollars of savings each month.

Earning $150,000 per year as a driver is almost unheard of, but especially not likely for a new driver.  

Bartering as a contractor isn't unheard of but it definitely can be a creative use of your abilities when it comes to investing.Normally, a duplex like the one I acquired in quality condition that cash flowed the same amount would be out of my price range.

If GE or any other big market participant is looking to raise $1 billion to finance a 30 year project, that $1 billion can be worth $1.1 billion tomorrow and $.9 billion the next day, just due to a 10% daily fluctuation, which is not unheard of with bitcoin.

Then you would also have to have financing on your purchased replacement property (or properties) totaling to the balance of the loan owed.If the basis is sufficiently low that you have a big gain, then worth considering a 1031, but without a large gain you might want to pass on that since you will incur fees too ($1000 or so is not unheard of).