However, I had to pay a premium for the exchange property because the market was so hot at the time.

You are in a great place for host feedback and checking out some local FB groups or hosting groups to get specific feedback.

The market has turned and they are holding junk real estate.Who suffers?

What market are you in? 

Purchase price: $490,000 Cash invested: $150,000 Property generates $4,050 a month income, rents are below market.

I believe you’re intentionally misleading us so as to avoid competition and have the market to yourself.  

The CRE lending market is expected to recover gradually, with opportunities emerging as interest rates stabilize and maturing loans drive new borrowing activity.Some regional banks are certainly struggling while others are consolidating in bid to become national powerhouses.Revised CRE Lending Projections2024: 26% growth to $539 billion (down from previous 34% growth forecast)2025: 23% growth to $665 billion (slightly lowered from 24%)Multifamily Sector Adjustments2023: $246 billion (49% drop from 2022)2024: 21% growth to $297 billion2025: 31% growth to $390 billionMarket FactorsRecent moderation in interest ratesSignificant number of loans maturing soonProperty owners hesitant, hoping for further rate decreasesUncertainty persists in the market, particularly regarding interest rates and property owner behavior.

The numbers and the ability to participate in a highly underserved segment of the market with Sect 8 and Vouchers made sense.

In general, we have found that PMs in cleveland are very expensive when compared to other markets we are in.

“Wholesaling” is under attack in many states and local jurisdictions3.