Plus, this past summer MSU decided to blow up a couple dorms, which had the overall impact of reducing student housing by (as I recall) about 1000 units.

The Market~ It's so unpredictable and fortunes could be reduced to nothing overnight.

(occupancy significantly reduced, under planned capex....

Do you see this as a waste of time and energy or do you think there is a possibility of creating new contacts (that may or may not lend to me) through this method?

For example original seller only agrees to remain a guarantor for the first 2 years after assumption or they agree to a reduced percentage of responsibility if a default occurs as the years go on down to zero eventually from the start of the loan assumption.

The appraiser who had given the values didn't want to get involved in it.The former owners argued that the banks undersold the properties compared to market value therefore the deficiency should be eliminated or at worst reduced by XX percent.

I should mention that my cash flow is usually better but we just upgraded some HVACS so will be down at that range for about 12-18 months, but at least my tenants will hopefully keep renewing since their energy bills will be better.

My partners and I are growing a company that combines real estate investing and supporting a non profit foundation with the goal of reducing recidivism rates.

I've been involved in the fitness industry for the past 20 years and although it is my true passion, I was looking for something to challenge me and real estate is it.I have friends and family that have done flipping in the past and they enjoyed it so that is where I'm going to focus my energy on.

Also the amount of time and energy Ben put into this is well beyond $300 worth.