The replacement tenant defaulted after a few months, too.While the original tenant may have been well-vetted - maybe - the subsequent one had no business getting into the suburban A class property, given that she made less than 2x the rent, according to the application I received subsequent to letting REI (then the name of AWB’s PM arm) go.

After much discussion Capt P agreed I was certainly due a refund since they sold something they had no legal right to sell.

If you had no money in the deal at all then its easier to walk away when things get hard.

I have watched people get all excited bidding on a sale, they had no clue they just bought a 2nd position lender's position.There are also possibilities of Mechanic's liens, tax liens, etc.

The harder they are to find the better or someone would have found them before me, but most quit looking very quickly, I have had a few that had no idea they even owned property and were about to lose it at the upcoming property tax sale. 

The properties were re-rented in one to two weeks for $100 to $300 per month more.The eviction moratorium had no impact on our clients.

This is my first ground up project and I had no idea what is and isn't suppose to be on these plans.

I know when I do my developments we aim to pay cash for the dirt and have had no problem them getting financing for horizontal and vertical without any more cash.. but there has to be a nice chunk of cash somewhere at least dealing with the banks I deal with.

I'm currently house hacking (rent-by-room), and we have had no issues filling our units.

Of course this was an inherited tenant, but I’ve had no issues until now.