I think this will correct itself over the next 3 - 5 years but it will make cashflow tight or negative until then.I have a great contact of a Realtor that works primarily with investors who has represented a few of my borrowers that I can share with you.

C class in general is in for a major correction in my opinion (a lot of which has happened already but I think there is more to come) and this will be another nail in that coffin.But as with all chaos, opportunity breeds. 

Am I correct that a condo, depending on area and neighborhood, could be a lower risk/maintenance investment for an absentee landlord as opposed to other properties?

Asking in the correct forum will get a better response.Read the RULES!

Our Underwrite takes 24-48 Hours, if we are provided with clean and correct documents.

Great question.That's correct.

If I remember correctly, we had a chance to evict them in December 2023, right around Christmas and New Year's.

If I understand you correctly the tenant paid on 12/31/24 on the apartments.com app. 

If his profile is correct, then I have been commenting and connecting on BiggerPockets with investors longer than he has been investing in real estate.  

The problem I was having with Stessa and Rentastic is that it only tracks what’s in the bank account not what I get from the PM, so the numbers are off and I have to go in and correct it all.