You are the one making the assertion that 6 Caps don't "work", so the onus is on you to back up your statement with facts, NOT on others to prove you wrong. 

Or your assertion that they should be targeting 10-12% IRRs for opportunistic development real estate projects.

It is also wrong, they assert, that landlords are just sitting on their rear ends, enjoying higher rents, because there is a greater demand to reside in New York, San Francisco, or Boston than in Jerome, AZ, or Bonanza, CO.Proponents will ignore the unintended consequences of rent control.

Michael, you assert an RE agent has no assets, tangible or intangible.  

I'm guessing the figures above are seller assertions, in which case you need to verify them with disinterested 3rd parties, such as a trusted appraiser or contractor. 

In the same way that my body still craves fats and sugars always, even though a glance at my waistline shows that it is not necessary to store up quickly-accessible energy, our minds and bodies do things to protect us even at a cost of our immediate thrival, and even when that need is outlivedThus my assertion that the primary reason that the masses don't clamor to all the locations that supposedly have a great ROI and few investors  is because the lack of "publicity leaders" who invest there seems to imply that there's something wrong with the market.  

, I can only generally assert that filing bankruptcy (BK) can delay the auction by a month or so, but it's a last-ditch measure.

I network with hundreds of realtors and peer banks, and for all of them, nationwide, for over 25 years, it doesn't work that way....i will wait for your next post where you assert again, your own personal experience as a common function that happens all the time all over the place.

A friend who lives in the area believed the issue could be solved with a new working sump pump (He also asserted that there probably was not mold since this area of ME stays cool and dry most of the year). 

Do you have some evidence to back that assertion?