The moral of the story here is that vacancy is so low right now, especially in Tampa, that it is very difficult to get flexibility with your lease.

Low rents attract low-quality renters that will eventually cost you even more money.They are on a month-to-month lease.

First off you do have to be better than Evolve (low bar) and second you have to believe you are :)

Quote from @Connie Kirkpatrick: Quote from @Jay Hinrichs: Quote from @Connie Kirkpatrick: Quote from @Caroline Gerardo: Not registered in Delaware https://icis.corp.delaware.gov/ecorp/entitysearch/namesearch... not NMLS licensed in any stateNot registered in Florida https://search.sunbiz.org/Inquiry/CorporationSearch/SearchRe...8 The Green, STE 4000 is not an office- it's a virtual mail address you can get for $11 a monthhttps://www.trustpilot.com/review/builderbanc.com some of the reviews appear to be from ownership but all are pretty low 2'sDo not give them an upfront fee of any sort.When I discussed with  my client, he wanted to give it a try, got the same angry reply. 

It has a certain risk, but historically has been low risk.  

Today, many of those rentals sit vacant as the market is trying to determine the new low for Calcasieu Parish, Louisiana.Numerous FOR SALE signs in front of rental properties across this region of Louisiana.

Am I wasting my time and insulting the sellers offering that low? 

Low property prices evidence this.

That neighborhood has low inventory, but very high rental demand and the tenant class is typically pretty solid.

And you're right, with our low default rate and the lower price point on 2nds, buying them back is certainly an expense but not a major one.