Realtors and brokers nationwide are celebrating what they perceive as a new dawn for increased activity and a robust economy.

But here are some really interesting numbers...Ok so this one doesn't look too bad but notice how much more the townhouses and condos dropped in prices over the last downturn.2007 peak to now isn't so good...Before the 2007 run up to now is better, but even then, apartment condos performed the worse (so best case scenario, you have the worse performing asset type, worse case scenario you had a terrible return), and that's assuming you had nothing go wrong with the condo (special assessment etc)But benchmarks don't even tell the whole story, because if you had a specific condo investment, and you tracked it's value overtime, benchmark prices isn't the right approach as it evolves overtime (benchmark price is the price of a typical property generated at each point in time).

If you are all going to be active in the business, then you can probably structure as a joint venture.

I've been actively searching for and analyzing multifamily and single-family deals, making calls, and submitting offers.

We don’t have a clause in our contract to account for this, and we have been actively looking for new renters with no luck so far.

This means that if anything goes wrong with the property—like a tenant getting injured or a lawsuit related to the rental activities—the LLC, not you personally, would be the one held responsible.

I actively engage with my network of investors to provide opportunities.I’d love to meet with any investors or investor-friendly agents in the Phoenix area and all throughout Arizona.

I wouldn't worry too much yet but if after a couple more days of no activity, I would bring the price down a bit to be closer to the top end of the market and see if there are recent comparables that have been rented (especially if you have access to the MLS)

btw - I’ve saved some of these recommendations and am actively looking in Indianapolis. 

This would give you more legal standing if they don’t leave on time.Walkthrough: Ensure you do a thorough walkthrough with your general contractor once the seller is fully out to assess any new damage or necessary changes to the scope of work.Planning ahead like this will give you peace of mind and reduce the chances of things going sideways during the transition!