When you've got an occupied apartment in an area where local rents have increased quite a bit over the last few years, what are the deciding factors in whether you take the initiative to renovate it and increase the rent to the new market rate versus let it sit and accept the lower rent?

For me foundation issues are a red flag, but if you factor in foundation repairs, and the numbers still work, then it’s not that big of an issue.

They have enough money for reserve, What are the major factors behind it?

They need to do their due diligence on the tenants and factor that information into the deal (leases, how many people per unit, etc.).

Are they doing everything they can to expose properties to the widest possible market?

Also, a little capital can be subjective depending on a variety of factors.

So thats why I said your held to a higher standard your job is to help people maximize their investment and in TODAYS market that is exposing it to the Open market not just a wholesaler buyers list which we all know their buyers have to make a significant profit plus the wholesaler has to make a good profit that is not helping the seller frankly. 

The only " what if factor " is the annual insurance.

Every day of the week has a difference amount of the demand in an area every month also plus the demand changes based on events and tons of other factors.

The nationwide factors that are driving the market apply mostly across the board, and a slack market likely indicates a very large downward trend in that area caused by an outside factor you don't want to deal with.