The problem is, everybody puts together deals they think are good, but in my experience as a lead underwriter, asset manager, and now fund manager, I throw out 99% of deals that are put in front of me.Listen to podcasts about passive investments and how to conduct due diligence as an LP. 

Unfortunately, there are times when being accommodating and making exceptions can lead tenants to take advantage of the situation.

I've only ever sent out an offer like that once, and that was to a preforeclosure lead that refused to discuss the property, instead telling me "that's not how real estate works, just make me an offer".  

However, that will likely lead to increased turnover and increased vacancy time in between tenants.

-A water heater issue resulted in repeated mismanagement—confusing unit assignments—leading to extra costs to fix the same issue 3 times and on each occasion "more fixes" needed to the water heaters that I plumber said was needed.

Focusing solely on numbers often leads to the purchase of low-quality properties.

Others rely on networking... hooking up with probate or divorce attorneys who sometimes have leads on properties that aren’t widely marketed.If you decide to hire a property manager in the Jasper area, maybe chat with a few owners who’ve used them.

Do you get a lot of leads on Furnished Finder?

Talking of multifamily specifically, how is it that we are getting better cap rates if the prices have not really reset lower.

I’ve been working probate leads here in San Diego for some time and your words are right on point…lot of time for sometimes little to no return.