Evictions can be one of the worst things to disrupt the performance of a rental property.

Now it's up for foreclosure auction with the sheriff.Property 2, maybe someone bought it before the auction, or someone bought the note and got the note re-performing, and removed it from the auction.Good luck!

A consultant is required to perform a thorough home inspection to do the complete work write-up.

I was trying to justify that I wasn't walking into a blackhole, and I appreciate the optimism.

While the property still performs well enough without a RUBS, the cost of water never seems to go down so that has me concerned I've missed the boat (no pun intended) and will always be playing catch up.

A seller wants to sell as if the property is already performing at the full potential and they call it "value-add".Not all properties sell this way.

I found it interesting that your crew typically performs siding and housewrap work, but not sheet rock.  

One thing to consider is that just because the property is sub 1% rule based on the seller pro-forma, doesn't mean it isn't capable of becoming a high performing asset.

@Jayson Hinkson I guess the simplest question is what do you expect the future performance of the existing asset to be vs. something you would exchange into?

performing notes.