There are always deals out there and Texas is experiencing a return to normal with pricing coming down and supply staying up.

If things ever return to "normal", I'd fire sale my shiz and leave that arm pit. 

They did not have major issues, just the normal things that come up over time if everything is not new already.

But if this is the new normal, it could jeopardize our very business. 

For sure that is zip to zip but generally longer vacancies might be the normal for certain zips/streets. 

Maybe the landlord works a normal job on top of landlording or otherwise has a lot going on.  

Why don't you just finance it normally?

This isn't necessarily just the fault of ODC - REITs in general have been taking it on the chin lately - but I think it's a serious wake-up call that being famous doesn't necessarily translate into profitability.

Based on purchase TODAY, 7.5% mortgage rate, 25% down, normal rents, what would it come out end of day as.

Magistrates tend to have long memories and also tend to hold grudges against local incompetent landlords.So if he wakes up and talks to someone with any brains and experience, this won't go to court, but he'll start looking for another excuse to get rid of you, something much easier to argue in court.