I understand the condition of the property may not be great, but if you're just trying to get rid of the property, then why does the condition matter to you?

Fortunately - we have a good relationship with our servicers and can get frictional matters that arise rectified/resolved relatively quickly, but the frequency of said matters could certainly be reduced.

Is this a matter of just ensuring that you don't decline them for an illegal reason that would constitute a Fair Housing infraction?

Hey Kris, fees will vary in different markets but not by a lot. 10% is pretty normal around here (coastal carolina) & at least for our company, it matters not if they are in-state or out-of-state. 

Interest rates NEVER matter and you can make money all the time.

That said, location matters a lot.

What makes this so dangerous is that some of these 10 deadly sins are quite ambiguous and a matter of interpretation.

Non of us, no matter how experienced, have a crystal ball that we can look into and see the future outcome of an investment.

Though, if your client base is nice retired people, it probably won't matter.  

Maybe that's exactly the right move here.. just wishing that I would be able to find deals that are a tad better to make the numbers work (ie. pencil out a small positive cashflow, to allow for the occasional unforseen issue that is bound to come up, particularly as the portfolio gets bigger)If your business cash flows well, it does not matter much.