The moment folks starts testing new markets because Memphis "Isn't working out" is the moment all the deals reveal themselves!

It would cause me to do some deep diving into specific stats to try and reveal the general story.

Furthermore, please see the attached report from the City of _______ which reflects the inspection you requested revealed no defects in the property whatsoever.

My Google search revealed the principal of TruePoint started investing in 2020, and if that's true, this sponsor lacked all of the things that I consistently preach to look for--experience, track record, full-cycle experience, market cycle experience, and so on.  

Purchase price: $177,000 Cash invested: $50,000 - Single-family home in a Residential area near the University of Rochester- Purchased flipped home without inspection, many costly hidden issues revealed after closing - Currently rented for $2,200.

While the intrinsic value of the real property initially seems like a safety net, the reality of the capital stack reveals the risk.

This is revealing required maintenance that condo associations have zero reserves built up to pay for.   

A call to the Planning Dept revealed this 'minor' inconvenience.

Your letter reveals you are feeling a bit guilty about this normal business response to an inflationary environment. 

@Blaison Samuel No, but a simple Google search reveals someone who has bought a ton of domains, all with the keywords "J T Foxx complaints and J T Foxx lawsuits" ......possibly an attempt to bury any criticism of the fact that there was a lawsuit alleging sexual harassment of a minor, or comlpaints of him charging up to $60,000 for whatever it is he does.http://www.bizjournals.com/prnewswire/press_releases/2012/08/24/LA62361Does that help?