Here's an article for reference: https://www.woodtv.com/news/nexstar-media-wire/10-us-cities-where-home-prices-are-getting-worse-and-5-where-theyre-dropping/?

I am curious on how I should handle the news that they have an accepted offer.

Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term

I fully believe that in the end the new capital will save the deal for ODC, they’ll be able to return a small single digit EM to the pref equity holders after 10 years and the original LPs will still lose a portion of our investment.

Where your traditional renter was the tourist, you now have the retirees, digital nomads and other work from home crowd to boot.5.

If the seller does a “wrap” mortgage and the wrap is for more than the interest rate on the underlying mortgage, the seller retains the differential as monthly net and may be able to create a note with a high double digit yield.4.

The good news?

@Sharma Parth we wouldn't recommend Flint, as there is no positive business news there.

While I don't raise debt offerings, like Chris does, my general sentiment is that many investors are wanting more security these days versus equity, and those that are open to equity, at least in the multifamily space, are looking for very high returns, given the perceived risks they are hearing about in the news.

My overall goal is to have my real estate commission checks in that company and have the new s-corp company buy units to rent.