In that case I would simply say that I appreciate you letting me know but the appropriate late notices will still be sent out and late fees will accrue as stated in your lease.

Again, going back to basic economics, it’s the ability to purchase is low, making demand low, then prices fall.Jay, just out of curiosity, what would you consider a prudent amount of leverage to be?

Yeah they dont seem to motivated to sell as you would think for how long the house has been on the market and the fact that they have already moved and are still accruing property taxes and HOA fees every month.

Just out of curiosity... 

The concern with option 1 is that if, the house  is not sold before hurricane season it potentially can accrue more damage or completely lose the entire property.

My loans do not require payment or accrue interest for another three years when I’m done with school.

Indra,Out of curiosity, what do you think this property is worth?

If we call the capital to early we still have prefs that we owe accruing.- If we do a capital call and investors “default” aka (don’t wire the funds that they told us they would) we make consequences.

I spend a lot of time looking at listings in all sorts of areas just out of pure curiosity and I wanted to hear what more experienced folk thought of this.

Just out of curiosity was he one of the lower bids?