Quote from @Mike Williams: Quote from @Wilson Hunter: Blue Ridge cabin market is dropping hard right now, be careful.

Quote from @Mike Dymski: Give him a call, apologize for asking him to put TP in the trash can (that will create common ground and a more reasonable starting point for a resolution), let him know that prior residents did not have issues, have his family curtesy flush, and let him know that future clogs are his responsibility. 

Quote from @Mike H.: Definitely check with the local regulations and licensing first to make sure you can do it.

@Mike Klarman Thank you for that breakdown - it is super helpful!

Quote from @Steven DeMarco: Quote from @Mike Dymski: Ignore the prior stuff (it's all noise), calculate expected ROE for the upcoming few years (including appreciation and principal paydown), and compare that to alternative investment options and you'll have your answer on whether to hold or reinvest elsewhere.

Quote from @Mike Klarman: I just closed 6.77% for a client with 680 credit.Assuming that was for no points? 

Quote from @Mike Dymski: Time to sell is when the projected IRR on an existing property is lower than the projected IRR on a new acquisition. if the new deal promises higher returns, it definitely makes sense to consider a switch.That’s a smart way to look at it!

Zach,Even private money doesn't like 2nd position.My 2-cents,Mike

Thank You @Mike Bourgeois!

Quote from @Brent Barcus: Quote from @Mike D'Arrigo: @Joe Mathew if you're interested in Kansas City, I'd be happy to share what we're doign there.