They still got inside but the point is the deadbolt held up.

So, I think if it is a neighborhood with high rental demand and limited supply, there's no problem, at least there was not for me personally.BTW, prices in class B held up much better than class C in my market also ... so naturally being the opportunist that I am I picked up more class C rentals at fire sale prices, and then sold out of them when things recovered for a nice payday ...

3) Does the answer to (2) depend or not on whether or not the full $100K was not only hypothetically available for disbursement, but was in fact held in an escrow account as claimed by the lender rather than his general operating account?

This makes me feel they are desperate to sell (I believe the woman had held issues and her daughters are selling) and I'm wondering what type of offer would be appropriate in this situation?

I have not held my properties through a downturn before.

Finance Amount = $172,500 Downpayment = $52,500 Total Mortgage = $225,000Mortgage Payment = $1,034 (assuming 25-year amortization and a 5.25% interest as the property will be held by an LLC)--CASH FLOWApprox. $366/month or $4,392/year with PM Approx. $622/month or $7,464 without PM--CoCROIApprox. 7.5% with PM cost included Approx. 12.8% without PM cost included --Total ROIApprox. 13% with PMApprox. 18% without PMIf you made it this far, I appreciate your time and welcome all of your comments, suggestions, and feedback.  

Not sure about California but in AZ and MN I would let the tenants know that you are going to have these repairs done, explain to them what they've done wrong and why they will be held accountable for the repair costs.

They've all doubled in value or more since then — I should have held onto them!

I am more so trying to define how Fannie Mae will count properties that are specifically held in joint trust even though the mortgage obligation is not joint. 

They cannot move out without violating the terms of their lease and will be held accountable if they take that action.