In Y3, at 5% cap it'll be worth $52M - and if the cap rates in Phoenix stay at 3%, as I suspect that they will, this community will be worth $85M.

I suspect that I will do all the heavy lifting in this venture.

One of the caps was moved and there was 'oil' at the base of that cap, suspecting that the coolant was purposely leaked/stolen or whateverThe tenant has a family member in the AC business.The question is what to do next. 

I suspect, as Chad implies, that maybe the loan was sold off to someone else.You can get an O&E report from ProTitle for about a hundred bucks that will show recorded docs against the property.

I suspect there will also be some future capex, but regardless, my vote in this case is to sell it and buy a larger 3/3 in a better neighborhood.

Many seasoned landlords suspected the "mass eviction" narrative was false, just based on delinquent rent statistics.

I had suspected that the current tenants were looking for their own home to purchase.

I suspect you'll have even more difficulty after paying your insurance deductible.

But even so.. the buyer wanted the house painted inside and out  14k sq ft  all sorts of flooring changed out  plumbing electrial you name it.. my wife brought in all our new construction subs and even at that I suspect her client spent 500 to 700k  refreshing this mansion. 

I'm sure you could save money, but the toilet would still cost you $125, cleaning the water could cost you another $200 (if you even have the proper equipment), and I suspect your time is worth $30 an hour so that's another $100.