It took them a week to break it all up, wait for the air to clear, then get the old duct work out from the walls, but in the old days the duct work ran up a large race to the upper rooms so it was an easy cut, pry & drop.

I have a small local bank that may be able to help but I wanted to have other options just in case that did not work out

You have to take the time and give it the attention it needs for it to work out. 

Turnover is a substantial cost, so if they can reduce turnover by giving what amounts to a small refund on rent, then in theory it should work out for the property owner and primary sponsor. 

@Elise Bickel thanks Elise for telling me to keep persistent, i am going to keep looking and working with the realtor and see how it goes, but if thing doesn’t work out, maybe we can connect in Philly. 

Using the 2% rule and 50 percent cash flow rule Brandon mentioned, none of the properties work out and you actually get negative cash flows.   

@Gitit Hefetz I will see how things work out with the current lender.

Don’t get too emotionally involved, keep cash reserves and (assuming you bought right) it will work out in the end.

The numbers on the deal work out up to a sale price of $300k, which is about 10% over asking.

Also the people in it really would like to buy it so could work out.