We still own the condo, we just have tenants in there who are willing to pay the HOA fee and the increased taxes in order to access the slightly better school system up there.Bottom line, someone who just shows up alone and out of the blue, says they make 3x your rent, offer you nothing else when you explain the income verification problem, and object to a month-to-month rental contract or an increased security deposit, well, they're probably lying about how much money they make.

If the loan on the property is a significantly below the current interest rate, and the buyer also saves origination fees and costs, this enables the seller to demand a higher price while the buyer still obtains his ROI objectives 3.

I’ll begin by saying I have no objective data to support my opinion, but I do have some subjective data, so take it for what it’s worth.I think the trouble is pretty widespread, particularly among newer syndicators (defining that by less than 10 years in the business, so never having survived an adverse cycle).  

Agents cannot accurately answer subjective questions with objective answers, so when will we stop expecting magically accurate ARVs?

Thus, I understand your objective on Bigger Pockets is not to learn more about REI or to help others on BP. 

Hey @Daniel Church I'm an investor and flipper in the Twin Cities.

And how can this objection be overcome for someone skeptical because of the delusional syndication deals that have taken place?

@Marci Stein Do you have any objective source that suggests soap or washer outflow is harmful to a sump pump?

For some, simply holding the portfolio you own and paying down the debt satisfies their investment objectives but someone like yourself who is looking to scale can't achieve that at the pace you may necessarily want if your real estate is stagnant on appreciation unless you have additional sources of cash you can throw at new acquisitions.

It would be great if more folks could provide responses to the survey to aid in discussion instead of just commenting on their objection to performance fees :-)