Nice investment, net loss of $2K/mo not even including cap ex, management, etc.SF Bay Area is very solid and a complete blue chip so it's not going to depreciate pending a crisis but buying with appreciation as the goal (and not just gravy) isn't a good bet.How much better could you do with the $2.5M on a 40 unit apartment building in Florida or Texas? 

Don't sell the property while pending unless they can pay it off.

Pending inspection there appears to be little to no immediate deferred maintenance. 

If there's a risk factor (low reserves, pending litigation, deliquent fees, etc) that's causing it, have you investigated?

In fact at the most recent conference the results were all over the place in a survey they did.Speaking for us, We generally show going back 7 years , and then only if the charge has not been dismissed [i.e. charge is still pending or ended in conviction].

Since then it has gone pending twice and just went back on the market this week.

I check the hot sheets on average 3 times a day for new listings, expired, pending, closed, price reductions, fall through, etc.  

Well now the reference is stuck in my pending references.  

Pending inspection there appears to be little to no immediate deferred maintenance.

I don't want to get stuck with just one lender offering this program and then have to be beholden to their quirks and monoply interest rates.a) You can always plan your comps and tailor your comps (solds, pendings, listed, etc) to the type of rehab and price you paid for your property.