The inventory on the north side has been terrible this year, very few deals are coming up. 

Many rent by the room properties are aimed at college undergraduates--which, I think is often a terrible idea, because these inexperienced tenants tend to be the messiest, loudest, most inconsiderate, and most immature.

I've seen a lot of terrible decisions made by people that have raised money in a fund. 

Hard times and terrible to hear about friends in the mortgage business who are suffering. 

On top of this, the majority of real estate investors are terrible investors.

That's a terrible return on the equity. 

Is this a terrible idea to put an offer in? 

These properties had terrible reputations and were in rough shape, but we are now proud owners of cash flowing buildings that are in the hands of awesome management team!

So,  having a large pool of applications to pick from isn't a terrible thing. 

The apartment is in shoddy shape; not terrible, but certainly not rent ready.