As the price is reduced, it will at some point, hit that value that a willing and able buyer will then act upon, it may be that this property will need to be reduced until a cash buyer comes forward, since there are no comps.While it is unlikely any bank holding a property as REO will finance the same property, it is possible, especially if they see that they will be cutting off their nose to spite their portfolio so to speak.

Even Harry Reed votes for 2nd Amendment issues (while holding his nose), because if he didn't he would be out of a job.Mike

If its not the government sticking there noses in his business, its his managers barking down his throat about "productivity".He will retire to Central America to practice.

Find out which people are among those who police this stuff, and stay on good terms with those people; get on their bad side, and they will point out every little nit with your residence.You hit it right on the nose.

Once the 504 is applied, the odor us undetectable... even to the nose which you know can pick up even traces.

But they've never used it for anything but a sniffle.

Just leaving Shanghai after a five year stint here, and looking forward to joining the REI activity in the South Central area below Seattle proper.Just now I'm following my nose around the neighborhoods to see what's what in SF and small MF to hold. 

Is the pricing attractive enough to allow for a hard nosed PM to handle the tenants until the lease expires or they are evicted?

That's the most important piece.Besides that a few tricks I use during my first walkthrough of a property are to follow my nose -- if something smells funky, earthy, moldy, then there could be numerous expensive problems.

There's folks willing to admit they are still doing Lonnie deals, but mostly they admit they are thumbing their nose at DF, or upon simplest questions they are ignorant of DF's covering of their activities.My post re Sun Communities is the best option for being a park owner selling off POHs to occupants IMHO.