@Jameson Sullivan A return equivalent to 6% monthly is not uncommon in the stock market, but unlike real estate, that also comes with a higher risk of losing everything. 

Also, some or all of the water/sewer could be passed to tenant if a 3/1 is rented as a SFH.I invest in the Midwest so a $48K house isn’t uncommon for me to see, but those aren’t always in the areas I want to invest in.

Not my personal sand box at the moment I don't deal in those loans.. but I sure get commissions are negotiable.. when I was an agent it was not uncommon for me to charge 20 to 30% commissions on very tough to sell land.. most folks would balk and I would say go ahead try the local residental realtors who cant even find the property much less sell it.. after a year on the market they come to me.. and I did not use MLS I just advertised it and double ended everything I did..

It depends on a lot of factors but it is not uncommon for investors to get the appraisers to modify their appraisal in situations like this.

The taxes are a bit high but not uncommon in this state.I appreciate your feedback.

It is not uncommon for people to pull properties off the MLS and then re-list in the spring or summer as a "new listing".

If the preferred return hurdle is 8% and the sponsor pays out 4% in the first year (not at all uncommon in a value-add scenario), the other 4% carries over to the next year and beyond. 

However, I’m a little cautious about the prospect, since in my local market (DC) this is relatively uncommon and usually backed up by some significant reason.

Upon Completion: Market Value Upon Completion (MVC) = SMV - Leasing costs and lost rent incurred to stabilize the propertyIts not uncommon for there to be some pre leasing during construction process as units come back online.

If you're financing the property, this type of transfer could most likely trigger the due on sale clause, although it's generally uncommon that  bank would call the mortgage because of it.