One of my previous jobs, before I traded in my dark cubicle and handful of sick days, was as a supervisor of an REO Department, for a large Banks in Michigan, where I supervised the sales, leasing and management of the statewide ROE portfolio.

(Luckily they overturned themselves later, but little help if you went out business in the meanwhile.)Ps.  150,000 hotel rooms, some as cheap at big name casinos as $30/night.

@Karen PolisWithin 120 days the IRS, which may not start until you notify multiple IRS offices and other Federal agencies, the IRS will decide if they want to persue overturning the sale. 

Due to this we are in more a flip market than BRRRR market and I do not flip (not because it cannot produce good return but because I view it as a job) 2) I have some fears that the commercial residential (>4 units) finance roes will affect non-commercial residential (<5 units) and result in a significant price decline.  3) residential RE is not passive.  

Believe it or not my personal minimum ROE is 25% and I shoot for 50%. 2.

Deferred maintenance is a sign of how much effort the landlord is already spending on operating the property.At the end of the day everything boils down to ROE.

Dave Roe

@Justin Jocewicz I think I would be doing both a passive using BRRR strategy and do a flip is possible with a foreclosure/auction or an ROE .

I imagine in this market cycle the return on equity, or ROE, is very low with values being so high.

Our offer was accepted.The value add returned ~$60K and the property still does not have good ROE (it has decent ROI)