@Mitch Davidson congrats on the purchase, it's been slim pickings around here for a while. 

The assessments. . .it's all about the assessments.https://finance.yahoo.com/news/poison-pill-facing-florida-co...

@Dan Heuschele, sounds like you got your answer, but over 5 years of actively working with over 4,000 LPs, my experience aligns with Brian's.I am sure, as of today, the number of LPs that want out of deals going south is probably much higher than leading into this correction, but unfortunately, if you want out after there is already a scent of blood, the chances of finding a willing buyer at anything more than pennies on the dollar is probably slim to none.That being said, I know Cadre runs their own secondaries platform.  

Sounds like I have a tough pill to swallow but I'm glad I found this forum for this exact reason.

And when deals are slim to pick up anyways, if I had the financial wherewithal to swing a $1mm flip, I would take that one over trying to find 10 flips at $100k each.  

Hi Ian,I might do that deal if I also felt that the rental amount was projected to go up (like in a high growth market) or if appreciation looked to be promising and I wanted to exit the investment in a short period of time but in general, by doing the deal with only a 6% profit, the margins are slim to make it worth it in the short term at least.~ Lindsey

As far as repairs and maintenance if your looking for small rehab deals that price range your looking at will be very slim and if you find something in that price would most likely be in your C or D areas, with that being said back to first question are you willing to manage them or not?

There is so much building going on that if I bought a small duplex, I would never be able to compete (unless, again, on price).You need to make the numbers work now, even if it is super slim.

The equity and small amount of profit (new builds have a very slim profit margin) in the Chicago ground-up new construction was really from getting the land at a good price. 

There's always a slim chance a buyer will appear and pay what you're asking, but it's unlikely.