In November we have seen the same exact pattern – inventory increased, prices are dropping, and the time to procure a qualified tenant increased.

The last 10 -15 years have seen the introduction of many products that have made it much much easier for marginally qualified and even unqualified people to enter the arena as real estate syndicators.  

Even if there isn't a lease in place, underwriting can use market rents from an appraisal to qualify.

I'm on board 1000%!!! 

Quote from @Bruce Woodruff: Yes I agree with Bruce, I had one done about 2 years ago now for a client that got me fully on board with having my clients do them all the time.

Referencing another recent post, there's not a great software solution that I am aware of for on-boarding a new MTR resident.If you aren't already, I would make sure you disclose to a potential resident any relevant issues that are endemic to a unit as early as possible.

Talk to your insurance provider to see if this qualifies for a claim.

Quote from @Bree Jimenez: There are many ways to skin a cat, but you should choose one way and stick with it until you figure it out or learn that it's not working.

@Dennis Boettjer, I will echo's Brian's comment and add: also take a look at some of the threads in the Syndications review forum: https://www.biggerpockets.com/forums/960I do not mean this as a "here are people to invest in or avoid", as there are some groups going through current issues that, personally, I would qualify as fairly strong syndicators, overall.  

Central Birmingham has a lot of boarded up/burned down homes throughout the area which are deterrents for the rental side.