Sometimes (well, lately often) the term "slumload" is a term used by tenants when a landlord doesn't address repairs quickly (like immediately) or demands things (like the rent).About the only useful thing that happens when you invest in high crime areas is that you have lots of interesting stories to tell your friends. 

New housing all but stopped, while the future demand for housing continued to develop unabated: folks didn't stop growing up, completing their education, getting married and starting their families simply because of what had happened with the economy.Economists of the day predicted a shortfall of housing supply amounting to 5+ years of housing starts / building new homes and apartments by the time "starts" began to recover, and a 10 year shortfall by the time the "ramp back up" restored some of the momentum in housing prior to the crash - basically, where we are now.Needless to say, no one anticipated COVID and the related impacts on the population and the economy.In my view. we're seeing a multi-faceted issue because of all that's happened since the crash, not to mention the impact of the crash itself.My $0.02 ...

The need for housing is in high demand here as it is hard to find any available rentals in our area right now.

As such, you are not very likely to find something meeting this specific criteria listed on the MLS as the strong demand for this asset class pushes down the returns.

In Texas, demanding an original (sans promissory note) is kinda petty because we have the Uniform Electronic Transactions Act. 

It had all the things that I look into an investment property - great location, large units with an option to create an additional bedroom, plenty of room to increase rents, it was deleaded, very high rental demand area.

A few of the predictions I found interesting: Mortgage rates will rise to the mid 3% rangeThis may slow demand a little, which may slow down price growth.

I consulted with an attorney that confirmed that and we were going to send him a demand letter, but he ended up just releasing the funds before hand.another point is to work with a better realtor + title company. they were not on the deal in terms of dates and no one (including me) paid attention to the important dates, kind of a beginner mistakes but i had some issues in my personal life that took my attention from that and i did expect the 'professionals' on the deal to be more on top of these dates , but i take responsibility for that as well. i just wont use either of them in the future.Hope that'll help anyone else as well thats why i shared this info, and again thanks everybody for the support, both the mental and technical one.Appreciate yall and happy holidays.

I could see demand from the tenant side, in the same way payday loans have a market.  

You're totally right, it's the same outcome numerically - my fear is that accepting a deducted rent that she demanded with no pushback sets a pretty bad precedent.