The issues would likely be mostly around noise / people coming in and out, and your long term tenants comfort with that.I am assuming you are using the long term rental for risk reduction and more stable income.

Take these two notes for example: FCI Example 1FCI Example 2 Example 1 Purchase @ $26,000: 85% UPBUPB = $30,000This is only a $4,000 reduction on what they owe, how could you get this performing again and keep it profitable?

Interestingly, although distressed product from the 2005 to 2007 housing boom and ensuing bust has been dwindling over time, the lack of trading supply stems less from a reduction in the outstanding inventory than some other barriers to sales today.Roth said some banks still have "significant" amounts of nonperforming legacy loans in danger of going out of statute each month, but generally aren't selling them.

Maybe the reduction of rental needs will result in some good deals at the end of the summer.Thanks for the well wishes.  

Typically property taxes are included in the maintenance...your uncle may have been paying receiving the senior citizen reduction which would reduce his taxes in half..2nd-  Also confirm with the board that they allow the apt to be rented out..

There isn't a magic pill so put your effort into getting something done rather than hoping to find a formula.

Look at the New Listings- but Bid on BOM ( Back on the Markret) 2nd Price reductions etc.

It seem like most of the people hitting the MLS hard have many great realtor contacts and swoop on the deals before they hit the MLS and also no price reduction recorded on the MLS but only then know about the price drop so no competition for them.

This is more an appreciate/debt reduction play.

Easier to ask for a price reduction.If you can't come up with an agreement on the reduction then you either take it at the current agreed price or walk away.