Cancun suffered from Swine flu, downturn in economies and worries about drug gangs.

Sure, because all laws pass the common sense test, right?

I am against the stress tests that are set up and the fact that some huge banks had fed funds to use and other banks didn't.

Angry drug dealers are VERY HARD on property.As for determining whether the tenants are drug dealers - definitely ask the police.

Just test it with the Asset Manager...I told him that "I am incurring a lot of costs and time into this thing and need to be compensated or you need to lower the PP...what are your thoughts?"

test

The Bank Stress Test is a joke ... or at best a PR gimmick.

I will then be advising my investors to put in some cash offers for lower than the new low comp prices and test the waters.This MGM auction, and others that are coming up shortly at different locations, are proving that high rise prices in Las Vegas are finally coming down to levels where they are extremely affordable as a second/vacation home option.

This would lead me into the first investing 101 course which would be designed in such a way that their interaction is required (test maybe) and by their results you would know if they are going to be a waste of your time and theirs.

If your L/O or CFD buyer is a drug dealer and cooks in the house or poses some danger to others, you can bet the owner of the property, on record, will get a call, a lender has no liability of issues arising from the acts or negligence of a borrower.