All disclosures aside, I do anticipate 3 MORE rate increases from the fed this year, maybe 4 @ 0.25% each. 

But today, the prices are inflated and rent increases are trailing well behind in the area, so for buyers today with this company are not going to see at best but modest cash flow on the rehabs - that is if you are buying with leverage (conventional loan). 

In my experience, when residents have unexpectedly high heating bills, they gripe about it, their ability to pay rent is reduced(leading to a higher eviction rate,) and they tend to leave the apartment at the end of their lease, dramatically increasing turnover.

If using a Buyer's Agent, but they're not available to open the door of the property, ask them to do a rebate of 500.00 out of what the property is paying any Buyer Agent, and increase the Listing Agent's commission by $500 to get them to open the door to their own listing.

With that many units, I'd also think it likely that these would be set up to automatically pay electronically, increasing the likelihood of missing one.

If the sponsor increases the value of the property by 25%, it can absorb a pretty significant market correction...or the sponsor can just hang on with long-term debt and cash flow the property until market conditions improve for an exit. 

If you've already closed on this, there is usually language in closing docs about how you're accepting the property and all terms have been met, so you should have not closed until you were sure they completed all terms to your satisfaction. 

Marcus,I have a number properties in the area, combined increase is 72k .. it doesn't look consistent between even my similar properties located in the areaI can email you the list, but here are few:7817-19 W Beckett Ave - increase of 112004023 N 68 st increase 7500 for SFR8220 W Muriel PL - increase of 5400The problem that being out if state owner, I can't just walk in the officeThanks for generously offering your helpLeonid

If the rest of your buildings are running smoothly, I'd say the only common denominator is that TBT PM.Another idea is to send a "secret shopper" to go through the tenant onboarding process on these vacant units.Yet another is to see if you can reach out to your remaining tenants (under the guise of a customer satisfaction survey, for example) to see if they can shed some light on it.

Minneapolis just passed a 40% property tax reduction for properties which are considered affordable: http://www.startribune.com/tax-break-will-increase...