This is 70s style urban blight brought on by an unaddressed homeless problem and lots of crime. 

I've been writing full-time for an online publication since 2022 and building my faculty book instead.

I tried to do a conventional 30yr fixed mortgage but was turned down by my normal lender due to the tax write offs over the last year with my other properties.

Just have to write more offers and buy uglier properties:)Flips are done at even higher price points, but again, have to be very careful to understand the Neighborhood, where it's heading and then the block.We've applied Class A, B, C & D labels to all of Detroit's 183 Neighborhoods - to help investors make wiser choices.

The reason I am writing you is because I had the same question of whether there was a "catch" when I first "discovered" Albany's favorable cap rates and relatively low prices as compared to NYC (I live in Brooklyn and grew up in Jamaica, Queens).

Individual producers (say top 30% producers) will write +$40M in one year.This is not to say they are bad, but I'm not sure how you can conduct due diligence without seeing social proof.

I have a tenant who terminated their lease early in writing due to medical reasons.

I am writing to express my serious concerns regarding a contractor, who was hired to complete work on my property.

But between you paying down your mortgage, plus the tax write offs, plus market appreciation it sets you up for having tens of thousands of dollars in tax free gains when you eventually sell it.  

The only thing I wouldn't know is whether my agent's brokerage is in the dark.I appreciate your input, Kevin.Yes, then in my opinion it sounds like you are still under contract.If there was a time-frame to submit the EMD, then that could give the seller the OPTION to terminate the contract, but that should have happened in writing and you would know about it.