I wrote a book about this; it just appeared on Amazon in paperback. 

Thanks again All the ones in Miami appear to be selling for much less than what the seller purchased the units for which is a red flag. 

It's hard to negotiate EMD down because then it gives the appearance that you're not a serious buyer.

In one instance I was told that the seller was expecting 92 to 94% of UPB, which was in that scenario equivalent to a 85% LTV, and I thought this was too high for the amount of risk and unknown involved.I would love to be buying these around 50 to 60% LTV but don t know if that s realistic currently?

If you didn’t specifically advise on what to do, they drew it a specific way at the end of the day you approve the drawings to be built so it’s not their fault it appears and they should be compensated for the revisionIf it’s something they screwed up (does not appear to be case here) - then they correct their error

This is equivalent to a free family trip to Europe if used properly.

From alot of investors on the forums, Orlando appears to be a saturated market with more barriers to entry in order to have a performing property in that area.

I will say however, that there may be an indirect benefit to not APPEARING to hold many valuable assets.  

This appears to be continuing into the fall.For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:Compared to the recent median price peak in May 2022, single-family home prices in Austin are down approximately 19%.

People that are unable to own a home for whatever reason say poor credit can own a home through his program of the SlowFlip & appears to be excited to do so.