Along with the Thousands of vacant lots in the ubran cores of the Rust belt and deep south cities that have been blighted but the lots and infrastructure exits .. problem is can you get people to live there ? 

If you are doing your part and really looking at the property and dug in deep on the underwriting, you should be good to go.

It really depends on the scenario.If someone is in deep waters, BK, foreclosure, terrible credit, etc.You don't want to be above 60% LTV as that borrower has an incredible risk of default.

How deep does this "crash" hit, more than 30%?

Once the deal details are reviewed, it helps our lenders assess the type of property and strategy we use and how successful we are in it.If you wanted to deep dive on your own, you can always check with county records on fillings, operators' good standing records from state where incorporated etc as well.

Wis Dells is a prime location for STRs to be eventually banned or very highly regulated given the large resorts with deep pockets and a lot of influence. 

Napkin math on offers to get a rough idea, then a deep dive when under contract.

The LP investors thought process is they make millions per year at job or business and do not have time for deep dive into every nook and cranny with a syndicator offering.

Disappointing to hear that the 8s are high, but at least the numbers still cash flow and we're in deep on this deal, so I'll consider my options here and consider what a re-finance looks like later.Appreciate your input guys!

Acquiring it below replacement cost, especially in a growing market like Panama City, could give you a significant edge both in terms of cash flow and long-term appreciation.With your track record of completing 17 syndications and managing over $500 million in multifamily assets, it’s clear you have a deep understanding of how to unlock value in these types of deals.