They did not just file bankruptcy or close EquityBuild, they did not walk away from their investors, they worked through the issue and then made adjustments to their procedures to insure a similar situation does not occur in the future.You also mentioned housing or building court cases files against EquityBuild and that is very true, but you need to remember they are buying distressed properties, most with existing building violations that they are assuming, and then repairing the properties to resolve the issues and obtain occupancy certifications for the buildings.

Keep in mind that we're talking about inflation adjusted dollars for this index.

If I've posted this in the wrong forum, please notify me and I will adjust this.

Can the rents simply be adjusted to cover most of the expense?

If it did consistently take long periods of time to fill, I would consider a rent adjustment, improvements to the unit, or selling the unit as a poor performer.

2) the NOI from the actual 2015 financials adjusted for an increase in property taxes based on the asking price?

If there is a process to go through and you decide to take on that challenge make adjustments in your purchase price accordingly.

I sometimes have to give tenants, what I call an "attitude adjustment".Below is an email that I sent to a tenant. 

If there are we can try to link up and help each other out maybe that'll speed up the process of learning and get know investors around the area.

This requires a lot of high speed leg work because the list of properties to be sold is published only about 44 hours before the sale.