Are we talking Riverhead that's undergoing a sizable revitalization?  

Not to mention that Joe probably doesn't know what forms and disclosures to use to keep him out of legal trouble, how to instigate a bidding war, how to best handle multiple offers, how to push back on unreasonable buyer demands, how to negotiate the best terms, how to run an open house, how to document and handle escrow funds, etc.A lot of people think agents just show a house, shake a few hands and collect big fat checks. 

On one of the homes we sold the Zillow guide was over our ask, and in the other case way way under-go figure!

I now have to do some more research in the area but I am guessing that an Indianapolis winter will severely cut into the expected $650 rent for that unit (cut ROI from 16.6% to 13%).I have two other properties, in other areas, and there is a constant conversations with the property manager when the unit is transitioning to a new tenant or undergoing maintenance (the rest of the year there is zero need for interaction, other than monthly statements).I also received update pictures of the units and I am impressed with the interior rehab.  

There are a few properties that I have in mind, one being a large multifamily unit that would have to undergo a major renovation process not to mention a major funding, and a few single family homes and need some TLC.

If you are in a negative cash flow situation and want to blame rates, then you need to trim fat, and/or bring more bread.  

Worth it compared to a big fat lawsuit and attorney fees.Hope that helps! 

Are these all hedge funds / institutional investors that bought this junk for $2.5k eight years ago, collected $50k in rent, and are now walking away from a trashed place with a fat ROI?

There's an old saying:Pigs get fat, hogs get slaughtered.

See how nearly impossible it is to get a fat lazy lawyer off their fat lazy *** to write a two paragraph letter for $500.