So I experienced that one..So my assumption is that you have Note Wholesalers who have the ability to take down a big tape.. then they allow investors to cherry pick the notes IE the little investors or newbie investors that just want to buy one or two notes and from what I saw on some of the tapes I looked at the low value collateral loans sold for very low dollars ( west coast perspective) so an investor can buy a note for 5k or 20k or whatever and give it a go.That's the position I would want to be in.. buy the big tape and then just resell to mom and pop investors and let them go through all the work of reinstating or foreclosing.

I always like a fresh look.

Hopefully those two companies competing will create more value, at least in the perspective of the KW agent. 

Be Pro-Active, fix it as soon as possible, you are going to have to fix it later on down the road anyway, so might as well just do it while it's fresh on your mind. 

If the top market units are fresh and redone expect to get big push back from the long term tenants with the tired and worn units.

I always try to help the agents I work with from the loan officer perspective of what an investor is hoping to realize from a purchase.

That is the only reason what ever I feel like stressed, I look out for a support that lessens the stress and manage the things in the right perspective to go ahead with.

But I agree with most posters, it must be kept in perspective.  

Admittedly, my post comes from the perspective of someone who has committed to be involved with real estate life long and base a meaningful amount of my current and future net worth on property investment.

It's matter of perspective.