The catch is, the current owner has done essentially nothing in the 20 yrs that he has owned it.

Let say you have a unit worth $100,000 and you sot the tenant gone for $2000, you just got a incredible deal you bought real estate in the value of $100,000 for $2,000….Also, the mentality here in upstate is that if a tenant stays a little behind the rent, they are no longer interested to catch it up.

The catch-all "help me" or "tell me everything you know" in most cases is a non-starter since people are busy buying properties :)Hope this helps!

. - WOW, great catch here! 

Location: 21133, 4bd 2.5 bath, ARV 300k, Catch up pymt: 18k, Rate: 4.2% Fixed, FHA, 360mths, Due 4/1/2039, PITI $1501, Ave rent 2k ,repairs for rent 15/20k, Repairs for sale 35/40k, Cash to seller 10k.

Originally posted by @Jeffrey Holst:@Brad Fisher you won't regret learning about the Chattanooga areaI second @Jeffrey Holst, and if Chatty catches your fancy you 100% should reach out to him.

One has been real successful in local RE (catching up to my unit count), the other one has started his journey (owns 2 units). 

And for catching that the books would have been closed in each event, suggesting an internal control issue.

The hope is that if they hunker down, get lean while being flexible (to ramp up when demand returns), airlines can catch a ride on what is expected to be a surge in pent-up demand when safety re-emerges and widespread travel resumes.

They definitely can't catch everyone, but when they do catch someone, they make and example out of them.