@Marisa Alvarez I'm sure it is a combination of the two.

Similar events we see inventory and transaction volume drop but price rarely drops in our market. 2008 recession we hit -7% 

I use 15% when combined with repairs.What about lawn care and snow removal?

.$950:  GSR$48:    Vacancy (5%)$143:  Repairs and CapEx (15% combined)$95:    Management (10%)$50:    Insurance$50:    Property Taxes$374:  Debt Service (20% down, 4.25%, 30-year)   =$191/month cash flow (12% CoC ROI on DP)Now imagine this is a quadplex with lower per-unit costs and some efficiencies of scale (a few more expenses, too).

Both loans would be commercial and this would be combined with my down payment.

IE opening bid 100 to 200k.. most investors in those areas simply wont bid on properties that high.. they all want the sub 70k ones or so.. whereas us west coast foreclsoure buyers at least in WA OR CA starting bids are rarely under 200k..   

Depending on how well your books were kept that could have taken double that long.If you handed everything over to him in a nice little package, accounting and books were flawless and he just had to drop the numbers in the return and submit it then I would think there was a problem....but when I used to do taxes that was rarely the case.

But I rarely used it so assumed it was that rather than them trying to pull back.

We were already in the process of divesting in the area due to the oversupply of units combined with changing legislation. 

It's very rare that I don't hear about a company if they're moving heavy volume.