As rent went from $18/ft to $12/ft and vacancies came about, they could not sustain.

This type of product would best apply to large properties in my opinion (100+ units), because they have the revenue to sustain these types of expenditures.

It can be very lucrative if you want to chase the money but at my age I will settle for sustained rental income.

But yes we are done with this unit as my lenders all they care about is their monthly payments and this unit has not generated even signal $$ yet after new tenant and we are burning reserves to just sustain. and as discussed on various calls the only last option is to cash out when the unit is empty so we can target first time home buyers in that area.

Yes, 5+ units mean you will be getting a commercial LOAN, but until your deal becomes self-sustaining it doesn't measure according to CAP rates.  

That is what I am asking about - he DID NOT drill out locks and  as a result the lower unit sustained a major water damage

Yes, all would love higher minimums to reduce what you are suggesting in time to sustain these relationships and raise the capital.  

Present numbers are not sustainable and the risk of a market turn around is too likely to ignore.

While I don't believe the technology is there quite yet, I predict that in the next 50 years the tech will be there to live in space.Among the growing problems on Earth, climate change, population explosion, and international policy, life might not be sustainable for humans.

I studied architecture at UH and decided to go into real estate in order to achieve financial freedom and my dream of designing, building/developing new affordable, sustainable housing.