There is a potential scenario where an outside rescue fund (marketed as preferred equity to new investors) could come into play in many of the projects that appear to be performing especially if they have been paying the pref (via a reserve account stockpiled by over raising funds in the beginning).

PMLs exist, there's zillions of them, real estate investors work with them every day and PMLs fill a need and have a role to play as a specific tools for a specific situation.See if you can put a sharper point on your question.Mike Thanks for this Mike! 

It was pretty interesting watching this all play out..

But if its a strong offer just play it out. 

This is after having done over 250 deals and I honestly felt like David Koresh or Jim Jones were back from the dead and lurking nearby.

Likely would want to close on 11/28 at the latest to play it safe as the notice takes affect the next day, not the day it was served. 

People like new homes- It is easier for me to identify with which homes will be more marketable in the future yearsCons- Cash flow usually isn't as good (which is ok with me, because it is always an equity play for us).  

Just be ready for the ride...it’s not always smooth sailing, but if you play it right, those jitters can turn into some seriously sweet returns.And if you do end up jumping on a short-term rental in Tampa Bay, just pick up the phone and let's dig into it.

Then divide that cost by the amount of time between now and then and that's how much you should be putting aside for Capex.For general maintenance, the age and condition of the building will play into that.

BUT, it's an appreciation play.