The local newspaper said Portland down 4% year over year but somebody on BP posted something saying down 1.6%.Our apartment market is on fire and large new developments are filling as fast as they can build them.We have among the lowest vacancies in the country with 3.1% in apartments.Cap rates went from 6.1% in 2008 to 6.8% in 2009 and 2010 and 6.86% for first half 2011.Housing prices down 28% from peak August 2007.

After some thought, I would sell them all, try to get into a 1031 exchange for a large distressed apartment building.

If you have the money available, maybe you should offer a large EMD when you do make an offer through her--that might get your offer more attention.If there are only two REO listing agents in your town that could be a positive for you--you can develop a rapport with both and come to understand how they like to do business, maybe they will give out the codes once they trust you.

For us, getting large $ up front becomes difficult because it makes us less desirable in our current market.

I realized my "dislike" was largely emotional.

Don't know about Capstone, but these discuss large investments in REO-to-Rent programs by OakTree and GI Partners, large pvt equity funds.

This is especially problematic with the large lenders in my experience.

To replicate, you'll need a large volume of homes to purchase, political buy in, an experienced crew, a million dollar line of credit, and management experience to pull off a deal like that.

You have some large rooms that can easily be turned into economy/studio apartments, etc...It's am ambitious project for sure.

Dates and life expectance of all mechincal items.The neighborhood is older (1957) with Large Trees so I paid a Plumber $95 to run a camera down the drain to the street.