I over exaggerate but you get the drift.. if it was a prime property in CA or even here in Oregon and I was 300 a month neg I would hold but not in a market that does not demonstrate any real upward movement

If the lender has died and no one has claimed the assets of his business, the loan may be floating in "limbo", just waiting for someone to find it and claim its associated rights.If you go to sell the property, the title company will do a title check and find out who is claiming the rights of the loan now, if anyone.

The intent is to leave the upstairs as-is, clean the carpet and repair the carpet on the stairway (see photos below).This is a rental property and I don’t want to over renovate.Scope of Work Details/Estimate: (first pass, before getting inside the property or getting contractor bids): Drywall (Walls) floated & taped all-in @ $7500Insulation all-in @ 1500Paint all-in @ 3000Flooring Install/Carpet Repair all in @ 3500Floor Baseboard all-in @ 1000 Door Jam/Trim all-in @ 750 Kitchen Cabinets all-in @ 5000Kitchen Countertop all-in @ 1500Kitchen Sink/Faucet all-in @ 300Dishwasher all-in @ 600Fridge all-in @ 350Stove all-in @ 350Bathroom Vanities (x1) all-in @ 800Bathroom Shower (x1) all-in @ 3000Bathroom Toilets all-in @ 300HVAC all-in @ 5000 (left in as contingency - HVAC operating OK)Hot Water Heater all-in @ 800 (left as contingency - Water heater operating OK)Interior Doors all-in @ 2000Interior/Exterior Lighting all-in @ 1000Electrical all-in @ 1000Plumbing all-in @ 1000Misc all-in @ 10000 (being my first flood house and limited inspection performed, I'm leaving $10k missed scope/overruns) Project Coordinator all-in @ 1800TOTAL @ 52,000Listing Photos

My team in Birmingham sells the same assets your team does for about 5 to 10k less.. less levels of marketing fee's make up the difference in purchase price.Chicago has some of the best numbers as numbers go that I have seen.. consistantly 1.25 to 1.4 % rule which is hard to do in turn key. my B ham guys do close.. then it jsut becomes as we have all said a matter of what floats your boat, or in our case fly's our plane  :)@Mike McKinzie   for the record I own property in...

But there are lots of specifics that make this confusing to me, and exactly when/how to access the money confounds me as well...But I'm going off what I understand from reading the stuff I don't have any actual real practical knowledge on the matter - perhaps some one floating around here can answer that questions @David Chow .

Zell is selling in secondary markets and moving to prime core properties:http://www.marketwatch.com/story/zells-equity-resi...In reference to a couple of the markets I'm a little more familiar with, in Seattle Proper cap rates are floating around 2.5% and large properties are being purchased relatively quickly.  

Often times there are a lot of recycled lists floating around.  

Occupancy in summer season (April - September) tends to float more around 75%. 

Yardi Matrix shared data of 2500+ underperforming commercial multifamily properties yielding <1 DSCR, that happen to be on floating bridge debt expiring this year.

Operators that had never missed a distribution have paused distributions due to floating rate loans/interest rate cap costs.