I like the numbers on the property and 7% management fee is un heard of.

In the meantime, there's cross talk and perhaps attempts at communication that are going unheard by one party or the other or, as is actually more common, both.Or, as just  happened to me this week, a client reached out and asked for a status update and I said "I'm still waiting for X" and they said "I sent you X 2 months ago". 

My properties are in a low-income area so jail time isn't unheard of.  

Hello I have an investor client looking for a Multifamly unit in the 600-700k range at a 12% cap rate is that something that is doable or is it unheard of.

@Gbatoh Browne you need apply for a zoning change in the building department.However you should know that there is a good chance it may not be approved, and what could happen instead is that you could be forced to merge the illegal third unit into the second unit to create a bigger townhouse second unit, which would almost certainly be a net reduction in rent vs a bona fide third unit.If you already know it’s only two legal units, I would not suggest buying it on the assumption you’ll be able to keep the illegal third unit, unless those personally talked to the building department yourself and they told you such a use change is likely to be approved.It’s not unheard of for such a change to be approved (e.g., sometimes you luck out and can find proof of the extra unit existing before the introduction of zoning, in the city archives), however it is rare.Usually the issue is that to go up a unit you need to conform to current building code, including lot size and parking, and the lot just isn’t big enough according to current building code.

For a very long time I thought exactly like you did, but these days I have a lot of out of state clients, and I recently had an issue with one that would've never happened with a local lender:In the Austin market, appraisers are so swamped that it's not unheard of to have a 20-25 day lead time for appraisers.

This is unheard of in health care .

That is unheard of in Pocatello, and probalby most of Idaho at this point. 

Check out the sale data on duplexes in Austin and you'll see them moving much closer to asking, even below asking price in some cases (this is unheard of in the SFR space currently).

FHA loans at minimal percentages down and even seller credits are not unheard of.