If your buyer isn't able to overcome the challenges you've faced are you able to service the existing mortgage, pay out to do the foreclosure, etc.?

Actually I really agree with this (the problem with CA law is very easy to overcome), there're just two dogma in BP that the cash-flow should be the main key but for appreciation-focus like us, we are not scared with the cash-flow.

Share your thoughts in the replies below and let's help each other overcome those barriers!

I think it also makes a lot of sense in many ways to invest in what you know....and that's often closest to home, but not always.Also is Milwaukee known to be landlord friendly or landlord adverse?   

I'm not seeking to oversimplify or underestimate the complexities involved, but rather, I'm genuinely excited by the prospect of navigating and overcoming these challenges and starting a new career.I informed this person that I preferred to conduct my own research before engaging in further discussions.

Private $ is UBER risk adverse, or else they'd be playing the market themselves.

Specifically multifamily due to its resilience in adverse economic cycles. 

Even if the 17.9% was real net which it clearly isn't, the actual dollars can't begin to overcome a big downturn in value--and unless you get a big gentrifying shift in the neighborhoods you are essentially buying an investors commodity with all the risk that entails.

When you fail to manage and learn your business, it will manage you and teach you some rough lessons - as it has in this case.Get it done and over...chalk it up to a lesson learned (once; if you learn it twice, then it's just a 'hard to overcome stupid' thing). 

I don't recommend it unless you are an experienced investor who understands the risks and how to overcome them for the next 5+ years.We hit a peak market in 2023.