You don't want the sheriff to show up and only be able to evict half of the tenants.  

The asking price is $60,000 but it has been poorly managed and is only half occupied.  

The original pro rata split per limited partner s/b retained, i.e. their splits should be cut in half.    

For my rental buy/hold portfolio (under an LLC), a few of the properties I'm able to achieve 150% return (just because I've been able to pull out my original investment and more through a low cost loan).Agreed, a non-recourse loan would be a point and half higher and getting 150% returns may be harder. 

Awesome post David, thank you.I think Jim Grant said it well when referring to treasuries, he called them "return free risk" ;)  It's so true though, price discovery is out the window when the cost of money, or one half of every transaction, is manipulated.  

A 220 space park in Raleigh where the lot rent was about half the market lot rent.  

in 2004 for 40k and  still owes about half. 

The easiest way to answer this question is,"What do I KNOW I can wholesale it for?"

Bummer, so now I am looking at a 6 bedroom 5 bathroom (2 full 3 half) Victorian home for 190k.

The walls are original brick, with some water proofing material painted over the lower half.