It seems like a great time to revisit the conversation, especially considering how rates and market conditions have shifted over the past nine months.

Depending on how bad the conditions are, accrued pref may never be paid out and original contribution may not be returned in full.If pref equity's original capital contribution is not returned in full, common equity is in even worse shape.

Our current economic conditions are challenging for cash flow in most markets, but I wouldn't let that stop me from diving in. 

., location, property condition)?

People are now locating their properties and trying to find people to manage or even if they have tenants, who is paying, who is not and finding the homes to be in sub par condition.

@Marc ShinThe timeline for completing the BRRRR process can vary depending on a few key factors, like the condition of the property, your financing strategy, and the speed of contractors.

The 10 year T-bills will remain about where they are now due to economic conditions that are fairly strong.

You will need to factor in rehab costs, which could easily eat up another $50-75k depending on the condition.

If the seller misrepresented tenant conditions, consult a real estate attorney about potential legal action.

I have a little hard time estimating a fair market value given these conditions as I don't know how much to discount the value of the house with these issues presented.