Not to mention our building standards remain for most part that of colonial times, why, who knows, we just don't like to embrace brick block and cement for some reason and prefer sticks still. 

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

Northern and central NJ are preferred as I am located in Bergen county.

@Mitchell Rosenberg  - I think the overall thinking is that most prefer areas that have a growing population with a growing/stable economy base that is diversified.

I’d revisit the pricing, happy to go over it on a phone call if you would prefer.

I usually try to get 10k but sometimes its not possible and I would prefer to make something and give the investor a good deal rather than make nothing trying to move a bad deal.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

. ✌️ (and don’t forget to calculate short term capital gains tax - that’s why I prefer passive income over flipping)

We have a 650 minimum , but prefer 700 

Typically, the banks prefer to refinance one year after the initial purchase.