Exactly what I'm looking for at the moment.

The property fundamentally is a solid asset and if new debt could have been placed on the property lowering cash requirements and annual debt service, the property was a solid Go.It was difficult to walk away but I believe it was the right decision given the issues listed above as well as ongoing issues with Covid and general uncertainty in the economy.I have three other LOIs out at the present moment - so right back at it.While highly motivated to do my first larger multifamily deal, it is more important to do it right.

With the factors at play we are in a double pivot market at this exact moment (covid & BLM/Protests).

I am completely disconnected from all aspects of managing the property, which is a beautiful thing!

If you need additional cash in order to keep going then selling might be your best option at the moment.

@Kerry Baird I'm actually at 6 deals at the moment, and have 5 properties since one of them was a flip.

I am dealing with several vacancies at the moment, but quickly filled in December last year.

I have a beautiful property and things get taken all the time..

I know people who have bought new, beautiful, very expensive "turn key" luxury homes only to have to deal with major problems in the first few years of ownership.

And yes due to my lack of comfort with any major rehabs at the moment, I’ll have to pass on your east property.