Quite possible this was just an isolated event relating to a specific investment group and their funding source (that's my guess, actually), but who knows, maybe this is indicative of bigger issues within the industry.

Could be phased.Back unit needs some kitchen cab work, about 1k, maybe add a 1/2 bath upstairs where bedroom is located.Owner has indicated they may be willing to carry (some?)

Distributions would generally be indicated as a decrease in retained earnings (or cash on-hand) on the balance sheet.

$320K is clearly the new target as is indicated by the new listings.

But this also indicated pretty clearly that they weren't a motivated seller (if someone can't take 30 seconds to leave a message, does that sound like a motivated seller to you?).

After you've gotten their opinion of price and time you would need to sell, you'll be better able to judge whether it's worth listing and paying the commission, or if you are already getting the best offers from the investor buyers.Your ARV is so broad as to indicate that you don't understand values very well.

Rudy- Try not to rely on Tax Value as it is no indication of "Real" value in Texas.

But the nature of the questions and comments indicated to me that those basic questions about property values, rent amounts and estimated returns were NOT asked of us, the source.

@Sam Parkins - Lonnie's site indicates that those books are not for sale until rewritten to include Dodd-Frank rules.

These historical appraisal values would indicate that the 2013 appraisal is on the very low side and I'm thinking that future appraisals will likely be higher and so will my taxes.