Lol, I have a similar story but I got off easy....I had my guys digging footings for a remodel in a little SoCal beach town when we found bones - some good sized ones.

Appliances and fixtures were old and tired.Basically, the core bones of the property were good, but there were a lot of things that seemed ripe for easy improvement.The location was great, right next to the town’s primary commercial district, with a grocery store 100 yards away, coffee shop/bakery, Post Office, drugstore, hardware store, hair and nail salons, barber shop, dentist, bank, a half dozen restaurants, and a variety of other shops and services.

They are selling you a bone with very little meat on it and ppl take it cause it's that hard to get into something there. 

Right now I know the bones of the BRRRR and what things need to be in place to make it successful but I know nothing about markets or how to analyze them.

They are pretty bare bones and do most everything via email but the price is right. 

MTR advertising is still dominated by furnishedfinder.com, and this is a cheap, but bare bones, experience for both landlord and tenant.

Ten years from now people going to impress with the real estate or mogul in 2034 that purchased the distressed assets/notes in 2024 as it becomes too obvious.One thing that we know whether inflation is sticky at 2% or not is that w know interest rate in 2026 is lower than 2024, that itself could spur investment growth in 2025.All these down cycle in CRE could rebound relatively quick because the root cause of issue is M2 prints in 2021 but that issue is resolvable by the market completely in 2026.Meaning q3/4 2024 and q1 in 2025 could be one of the best time to invest for the new cycle. just think of the killing investors made picking through the bones of the Resolution Trust . 

Hey everyone. Here's a scenario I reviewed a couple of months ago where the borrower purchased a deal at $200,000 but only had an ARV of $280,000. However, the borrower projected a $21,000 light rehab job. The lender ...

city / state reversed the law that made all drugs legal that was a bone head move .. and they finally figured that one out.. the next one they need to reverse is that any theft under 900.00 basically is just a ticket and not enforced thats also led to the rampant theft that has closed down numerous business's . 

On an 8 plex, there isn't much meat on the bones for the amount of work needed for Management, but when you factor in an additional 24 units, that starts to benefit the PM, so there is more room to negotiate.Initially, the cost of PM outweighs your returns.