Bad credit, they do not respect property, trouble makers, etc.

a better question would be'who has over $2mill free & clear with the respective cash flows & who legitimately doesn't pay taxes' :)

For the country in one respect it speaks to the difficulty of getting financing, not only for investors, but also for owner occupants.

Is it possible something so egregious as this could have passed the scrutiny of a RE attorney (partner) at a respectable regional firm, and a title company where we closed?

Obviously your bell curve will change a little with respect to your call-to-deal ratio, but THAT stat is uber subjective anyway.

Because so many end buyers respect the zestimate value, I think it does factor in to buyers' decisions regardless of whether or not it is accurate.

If not, you do need to respect the tenants rights and schedule a time to view the interior with your people.

There is a point after receiving such horrible service from so many departments/people that I am really grateful and appreciative of the individual that values and respects my time. 

History of ownership with the current owner is short, (2-years), so the financial history is weak.Numbers:Gross Scheduled Income of $479,000EGI $407,000 (no additions for water charges)Expenses at $183,000 (owner self-property managed and with assisted maintenance)NOI $249,000Property is 100% occupied on below market rentsThese are 48-2bdr and 22-3bdr at $545/$625 per keyUnits are 1,300 sq ft. up & down layoutsYear-2 NOI is forecast at $279,000, (rents up 3%)Deal:$1,600,000 effective price tagOwner brings $800k debt and $100k equity to the tableWe bring $700k equity, (essentially, a private refi cash-out, but this is an equity position)Property appears in good condition from third party reports, (site visit to be taken in addition to other due diligence)Owner stays active in the property and splits profit 25/75 in our favorExit strategy to buy-out the owner in 3-years subject to property performanceRisks: (Attorney to be consulted)How to structure the deal with respect to the current mortgage, (lender reaction to title change)The property will hold its own should the owner leave the scene, (for whatever reason)Questions:Has anyone done one of these before?

He is a respected investor in the St.