Trying to get an owner occ loan was a chore ended up getting it done but what a pain.. owner occ underwriters are used to very simple tax returns and when you have more complicated ones it just takes longer..

The syndication real estate funds have seen and will see some pain.

They have rules and best practices about how we put these deals together which has collectively saved us from much of the pain being experienced right now in the multifamily space. 

They are singularly focused to avoid the pain. 

@Dutch Mendenhall Why is RADD making this such a painful process.

Like almost everything else in life: Short-term pain for long-term gain!

In each category, note how much you are bothered or stressed on a 1 to 5 scale, with 1 = not bothered at all and 5 = stressed out: Pain Points Stress1 to 5 Pain Points Stress1 to 5 Unit turnover Exterior maintenance Advertising for available units Deferred capital expenditures Tenant screening rules Plumbing or electrical emergencies Tenant selection / discrimination rules Mortgage payments Documenting move-in conditions Bookkeeping and bill paying Documenting ongoing conditions Taxes and insurance premiums Dealing with tenant complaints Risk of late payments or non-payments Dealing with neighbor complaints Risk of property damage or vandalism Mold, termites and rodents Premises liability Interior maintenance Evicting tenants If your completed table has mostly 1s and 2s, then congratulations—you are a happy landlord!

If you can't tell it's a royal pain!

Then you need to add in pain in the *** factor, which for an older expensive property while you live abroad is quite high.

@Jonathan Greene @Jay Hinrichs @Nicholas L. short sales are almost always done through RE agents and are a major pain the butt if the lender servicer wont respond in a timely fashion.Pre foreclosure you dont use and agent but if your talking NY I think and not totally sure but I think only an attorney can draft the Deed transfering title .