I'd like some face time with someone performing these deals and my local REIA has come up dry so far.

I spoke with the village inspector this morning and he tells me he can probably make the apartment "Unfit for Human occupancy" since they have food actively rotting in the refrigerator.

These can be "dry" or transactionally funded.

Welcome to land lording,You could replace the items with either a laundry pod or 5 gallon salad spinner and a drying rack.

I think you'd have to look high and low to find an equity skimming or rent skimming law that specifically applies here, and will probably come out high and dry.

Unfortunately about the time we hit the market, swarming season arrived, and so did the dry wood termites.  

The substantial amount of information that is free on the internet that covers hundreds if not thousands of pages upon pages of dry complex descriptions of the different options that would take you hours/days/weeks (if you could even commit to sitting in front of your computer that long without falling asleep or getting on a social media website) to sift through and determine what is "the right way" and how it applies to you in a way that will be successful.

If for some reason that is not agreeable with your tenants, then you are stuck relying on shelf liner.A few other options are: 1) let the process take its course and know that you will have issues to deal with in a few years, although these are relatively durable products assuming proper use and damage control 2) try to water proof them with a fast drying brush on lacquer product or an aerosol product (several thin coats)....never done it but don't see why it couldn't work or 3) after step 1 is complete and it has been a few years, you can sand down the bubbled up cabinet bottoms where wet plates and cups were set and put new 1/4' hardi-board????

The stream might be dry now, but come winter or spring, it might start flowing.

Plus, I've certainly read enough posts here on BP from other cities where investors are saying that the flip market has or is drying up already, which is what I saw back around 2007 here in Milwaukee.