That's why Baselane has 120 real estate only categories so you don't have to code any classes or anything like that.

Yes, D class.

There are other avenues to review but I agree past rental history is important (disclosure I have 15+ doors right now)If you feel bad for them then rent to them.My point is its corporate america and you are blaming the wrong person - you are blaming the corporation but you should be blaming the politicians who create an environment that is tenant friendly and sue happy. 

You see it in other asset classes, just not in the multifamily value-add syndication space. 65/35 split repaid: What's the split before being repaid?

Are they good assets (A class, good location, high demand)?

The S8 program was never designed to put S8 tenants in Class A rentals!

Many of these projects derive 50% or more of their overall profits from reversion cap rate assumptions and some type of compression that probably doesn't exist in the current environment.  

Most of my zombie properties are located in "C" class neighborhoods in Dayton OH.

However, I researched the market and for Class A or B+ 90+ unit property, the overall cap rate is about 8.7%  (as of 3rd qtr 2024).

I think it also depends on the class of apartment you have as well and who is your target tenant.