I am based in Orlando and a former news anchor with connections in the area.

It a team of people working together to get a loan done and like in any job there are 1 or 2 hotshots and 5 anchors slowing everything down.

It didn't take me long to put together an 80/20 Pareto's law strategy to chuck my lowest performing rentals, stop buying more boat anchors, and move forward with what was making me money.

I don't know what the situation is here, but usually when I see an ad like this, the seller isn't in dire straights, they just don't feel like dealing with it ... it's usually thinly veiled anchoring, which is a marketing technique to get you all riled up about the property, and not paying attention.

They've been reading "Never Split the Difference" by Chriss Voss and they just threw out a hard anchor.2.

Let's break it down:Memphis, TN: This market is known for its affordability and stable rental demand, thanks to a steady job market anchored by sectors like logistics, healthcare, and manufacturing.

It is preference, my anchor is 650.

There is also a heavy dose of Anchoring Bias for many of West Coast investors looking East. 

Last fall we spent over $2K for anchors and chain for a 50' Sundancer!

In office and industrial this can be very lucrative-- even in retail for big anchor tenants.