Waiting on seller confirmation to sign that (crucial part I expect hah)Some good news, got the inspector back to finish the job, and contractors for plumbing, HVAC and framing to come in today and I am waiting to hear back what sort of work needs to be done. 

More to watch for sure. https://www.delmartimes.net/news/story/2024-05-04/del-mar-fo...

The good news is that you can put it in airbnb and such for 45 days and it would be fine, legal and before 2020 the most asked about "short terms" where for three to six months.

The good news...it doesn't seem you have actually purchased real estate in these entities yet.

The good news is that they aren't too far from downtown or the Delmar Loop.

There's still ways you could get away with it at a higher confidence level but it's not 100% fool proof.See news for more on Marley: https://www.wtsp.com/article/news/local/pinellascounty/st-pe...Feel free to DM if you have further questions. 

Stress will ramp up into end of year and really be hitting it in 2021 as banks start ramping up forclosures and news starts circulating of folks loosing their homes making marginal owners nervous.   

Syndication investors are learning hard lessons about finding quality operators who will transparently share good AND bad news with investors.In your case, I would continue asking questions and looking for information - that is the only way you can find out if it's truly a failed deal or not.

@Joe Derobertis That’s wonderful news!

So much for the good news about returning to profitability and loosening underwriting requirements this year.