If you turn off the ac during the day and the temp rises significantly in the unit, when you turn it back on the unit has to work much longer and harder to remove excess heat.

With PACE unattainable and a $300K excess in the "uses" on the proforma to which they had no realistic solution, the developers felt it best that they sell now and allow us to fund the project with equity and retain ownership and control.  

Some sellers believe that FHA loans are more likely to fall through during the underwriting stage, since the program attracts borrowers with lower credit scores and other issues.

The tax assessment was approximately $2k per year and now the owners also pay an excessively high monthly water bill. 

Here's a sample of a letter I use when taking over a new property:Dear Michele:We are excited to announce that our company is in the final stages of purchasing the building within which you reside, and I’ll begin managing the property on August 12, 2019.

The experience is great and I believe it will help me once I start investing in my own properties, especially during the rehab stages of the project.Happy to be here, and ready to learn from this great source of knowledge I recently found.

You can deduct losses from real estate against your ordinary income if you are below certain income thresholds, however it can be difficult to do that and often has to be planned for (making excess tax deferred contributions from your wages).

Obviously if there is something wrong with the property I will take care of it, but this seems excessive!

No logical reason not to share it.They are probably covering up vacancy, high utilities, excessive repairs, tax fraud or some other financial problem.

There are also very local factors that affect each market, meaning the local economy, job growth, demographics, local lending, insurance costs, property taxes etc. and these have an equal or greater affect on prices, inventory, rental rates, etc. in each respective market.For more info on the market cycle and what stage some of the major cities are in check out this article below:https://joefairless.com/what-stage-in-the-market-cycle-is-your-target-apartment-investment-market/