While rates may not decrease, the significant double-digit increases should level off.

Major issues are lack of parking, lack of elevators, leading to numerous unlived in units.  

Wow, you are firing off questions faster then I can read them and they are all good, but pretty general.

It's all about building trust and relationships, and in the long run, that will pay off way more than just trying to squezze a specific deal.

One of the REPS cases (I forget which off hand) they were basically like...petitioner states they spent 8 hours on X date supervising painters at the property and we find it highly unlikely that anyone would sit and watch paint dry for 8 hours. 

I think the borrower is better off trying a local bank or broker in that area.

As noted earlier, most evictions are rinse and repeat, and even if you need to find local attorneys to sign off on paperwork, it's likely less expensive if the paperwork is prepped ahead of time.Just a thought.

When doing them, it is best to be in and out as quickly as possible and preferrable during the storm "off-season".

regarding roofs  pray for hail storms and then replace .. in those type assets that are really priced for cash flow.. values will rise only when rents rise.. as non of them will ever go owner occ.. at least that is generally what happens with this type of housing.. the value play is the tenant pays off your home and your home generates enough cash flow to break even at best and feed it a little bit over time.. then at the end of your mortgage term 30 years you now have say 2 mil of paid for assets the real money is made on these assets cash flow wise ONLY if you pay cash IMHO

This new "local agent" requirement has given me pause as my property manager has informed me that they will not be signing off on this.