Some of the issues are: rent rates are way below market, poor tenant screening, frequent evictions, excessive damage and repair costs.

The most frequent one that I've seen is drainage/sewer problems out of those homes.

One building that I pass quite frequently hasn't had any visible activity for as long as I remember. 

In addition, we occasionally get individuals that “know someone” that’s done business with us and because of the unique approach new investors can get confused on the process we follow.So here’s a breakdown of questions and concerns that frequently come up. 1.First and foremost, if you are a customer and you’ve had an experience that’s caused you any frustration we’d invite you to contact us directly and give us an opportunity to resolve your concerns. 2.Most Hard Money Lenders require 10-20% Down, decent credit and some experience.

Full disclosure: I frequent each city I mentioned, but my concern stems from the fact that some cities are not available and others are. 

At least not all that frequently.  

About .5 of a mile down the street from this complex is where I have frequented for fine dining!

I am a realtor in Las Vegas and most of my clients live in other states or countries so I frequently have discussions with potential clients concerning how I would determine where to invest.So we are on the same page, I believe all investment properties must meet three criteria: Sustained profitability - The property must generate a positive cash flow today and into the foreseeable future (10+ years).

However Bill Gulley as Bill has stated its probably one of the most violated transactions in the US either the lender and borrower don't know the rules or they do and its pretty hard to enforce on small time lenders.Oregon did crack down on this, One " Private lender who I knew" who frequented the RIA meetings and was clearly in the bizz ( he had multiple millions out at anyone time) He received a Cease and Desist from the state regulating agency..

Less turn over costs, and the lease ups would be far less frequent making the higher initial cost a significantly better deal.