Finding an "overly qualified" tenant - not just meeting but exceeding qualificationsThe first 4 can add costs and the 5th item calls for a rent reduction to offer a great deal to a great tenant.  

If it's a real concern, obviously walk, or get a price reduction that makes you more comfortable.Good Luck!

The reduction in taxes can be huge.

I guess I could try contacting the seller to see how motivated they are, but I would need a very significant reduction in price for it to be worth it.  

The issues would likely be mostly around noise / people coming in and out, and your long term tenants comfort with that.I am assuming you are using the long term rental for risk reduction and more stable income.

Take these two notes for example: FCI Example 1FCI Example 2 Example 1 Purchase @ $26,000: 85% UPBUPB = $30,000This is only a $4,000 reduction on what they owe, how could you get this performing again and keep it profitable?

Interestingly, although distressed product from the 2005 to 2007 housing boom and ensuing bust has been dwindling over time, the lack of trading supply stems less from a reduction in the outstanding inventory than some other barriers to sales today.Roth said some banks still have "significant" amounts of nonperforming legacy loans in danger of going out of statute each month, but generally aren't selling them.

Maybe the reduction of rental needs will result in some good deals at the end of the summer.Thanks for the well wishes.  

Typically property taxes are included in the maintenance...your uncle may have been paying receiving the senior citizen reduction which would reduce his taxes in half..2nd-  Also confirm with the board that they allow the apt to be rented out..

Look at the New Listings- but Bid on BOM ( Back on the Markret) 2nd Price reductions etc.