A bet those properties got rented right away! 

It's like Rich dad poor dad, do what only 10% are doing

.: Someone let me know when the median home price in Rancho Palos Verdes is reasonable again I bet you can  get a deal on one the cliff hangers over the beach that probably will be on the beach in 20 years :)

I'm betting on demand increasing when rates go back down, which will only drive prices upward. 

So your best bet is to find another lender if you find specific items that you do not agree with 

As all of this Norada notes flush's out its very clear to me the investors really did not understand the risks and that the risks were pointed out but investor greed for return over rode the risks.. now that these highly risky business's are not working its got to be the sponsor who is at fault and the poor investor was duped..

There are 24 municipalities in Pinellas County, not including the unincorporated areas.Unincorporated Pinellas County is super-simple for STR (and obviously anything longer term), and would probably be your best bet.

Hello fellow investorsIs buying a negative cashflow deal good if the IRR (Internal Rate of Return) and Cap rate are decent?DetailsPurchase price: 1.1MReturn (IRR): 11.86% per yearCapitalization Rate: 5.45%Total Profit...

You bet man.

2.75-3x is generally fine. 2.5x in really poor areas.