It is, in fact, a pain in the butt. 

Learning from others mistakes although painful at times can be extremely valuable .

I feel your pain though. 

Make sure you get it set up properly or you lose your protections.The biggest pain is dealing with your lenders as transferring the properties may trigger the due on sale terms of any mortgage.

Hey @Natalie Godoy - First off I love this forum group "Investor Psychology" maybe they should make it "Investor mindset"? 

The original market / psychological research was pointing in the other direction once you were in Class A or B properties but…it was a decently sized write off for me but I don’t regret it. 

If you pay them in full before it's closed and you have an issue, it will be a pain to get them back out there.

Legally, enforcing a contract is a pain since you'll need to get a real estate attorney involved so it's likely much easier to just wait it out until they comply.  

s advice.You're feeling the pain of vacancy because you made the mistake of overpricing your units.

What they'll say is if someone calls saying they want a value add $5-20mm property, well they have 10 clients that they've worked with, that they know will close and not be a pain, that are also looking for that exact same thing.The best thing to do is get a few deals under your belt (or your colleagues belt).