The number must be > 1.1 to 1.3 today.The banks will reduce the NOI by (vacancies + reserves) so it can get rough.

It has also greatly reduced not only the questions and phone calls, but also expenses that in my mind should never had occurred but was hard to prove without wording in the lease.

Not sure, there are a million variables at play that could impact the advice I would give you.What I can guarantee is that announcing this on a public forum will lead to random people asking if you would be willing to loan it!

Based on the tone of your post, it sounds like the HOA is having financial difficulty and that may or may not change your strategy.On a side note, I do not believe your HOA will provide any details from the other claims, as that is not public information and should not be shared with parties who are not principal to the claims. 

As an investor looking at University City, make sure you put a lot of research into the upcoming multi-billion-dollar project happening near Drexel.I'm not extremely familiar with all the details but know that it involves the construction of hundreds of apartment units and public space between the city of Philly and the University.

We like a low entry point with room for growth but low crime and good public schooling and family friendly things (parks,waterways, bicycle and running paths etc).

Can I ask if the REIT you work for is publicly traded?

I used public records to figure out the owners are an elderly couple living in Georgia.

You have to check with your state to see if it's the same.If used correctly, it can save mark-up and OH cost and reduce the amount of change orders, which directly affects your bottom line.  

@Marvin McTaw:  I would suggest consulting with a public adjuster.