And lower rates won't fix that.Prices going up help that a bit because then the premium to buy a new construction home and pre-existing home isn't as great. 

So if you could gc them yourself, you could force some equity on the new construction deals and the new construction ones might be a no brainer.The other question I'd have is whether you're getting deals on the pre-existing homes.Ultimately, its going to be real tough to scale either one if you're paying retail because if you're buying 250k homes and putting down 20 to 25%, you'll run out of cash real quick. 

This sounds like a pre-existing defect so you will have to review your insurance policy but I am guessing there will be an exclusion.

The ground floor is occupied by a commercial restaurant, and the upper floor is designated as SRO (Single Room Occupancy) under a pre-existing non-conforming use.

The preexisting rental agreement is way under market value for a 2/2 at 917 Sq ft.

The preexisting rental agreement is way under market value for a 2/2 at 917 Sq ft.

I would like to see a statistic of how many experienced GP’s running a syndication hire someone off the street with no experience knowing they are doing it to go on their own if their is no pre existing relationship because of how bad they want it?

I took pre-existing ideas from other members, re-wrote them, and added my own spin to them and posted the draft below.

I am familiar with both upset and judicial tax sales in PA, where the former is subject to all pre-existing liens, and the latter generally wipes most if not all out. 

Make sure you have pictures and all agree on what pre-existing damage is acceptable.