Yup not real.. if there is any substance to it.. its just a loss leader to hook you  plane and simple.

Who is on the insurance, who gets to decide when to sell, when to cut your losses?

.- I underwrote these projects only using annualized revenue (rent increase with some extra vacancy loss in year 1 x total units x 12 months) / total project cost- For projects I know were successful, I'm seeing a larger increase in NOI than expected so shifting to a yield on cost metric that's market adjusted NOI growth / total project cost.- I'm seeing a lot of volatility on these and can't land on what metric to use.

The other considerations noted by other posters are valid, but when you weigh them against the high risk of extended vacancy, ending at the beginning of winter is to be avoided at all costs.  2 months of added vacancy is a 16.6% loss to annual income. 

Save this post, because if you think you can find and manage Class C tenants from OOS, there's a VERY high chance you will end up being penny-wise, but dollar-foolish.Hopefully, you'll be able to recover from your mistakes & losses and won't have to sell at a loss.

Let them claim their laundryromatfees and loss of use and their insurance company can explain everything to them. 

I started making money and, if I remember correctly, I never had real estate related loss for well over a decade. 

Now I’m in Brandon Turners A Better Life Tribe which I’m having some technical issues with but after about 10 weeks of not being able to use the site they seem to have fixed it and I’ve been able to use different services associated with it all along so not a total loss.

There are shades of clean.

Their expertise can help you make informed decisions.Insurance: Obtain appropriate insurance coverage for your properties to protect against risks such as property damage, liability, and loss of rental income.Legal Protection: Understand local laws and regulations governing real estate investments.