It had been 'professionally' managed & the owner was out-of-state & simply lost interest.We got it for a 'great price' & within 30 days I had one unit rehabbed & rented for $750.

I've lost money on some deals (more than I've made so far!)

Since the statutory order of a 1031 requires that you sell before you buy, a reverse exchange allows you to control before you sell and then buy what you have under control after you sell.  

When I used to compete in MMA I lost my first 3 fights before eventually winning the next 9.

Now the key part--do you take the lumps and focus on the next tenant or spend resources on chasing the old departing one for lost rent and damage.

They told her that she didn't qualify for my unit, but did for a park owned unit.It is not fun when there are other people with a ton of control over your deal. 

Please PM me to connect if you are still interested I might have lost your first PM.

If you have a HUD contract attached to the debt on the property and it's rent restricted, then you have no control over rent increases and in the long term as expenses increase you will be stuck with a negative cash flow situation.

In fact I believe most central banks are trapped at the zero bound and that we're all turning Japanese (Whose 'Lost Decade' is now old enough to be graduating with a master's degree) because low interest rates distort investment and hurt savers who would normally be a big part of the spending in consumer driven economies.

Apparently there are 15.3 Million of them and only 2% is control by large companies.