So, the house that I almost pissed my pants over when I bid on it has gone defunct. We were supposed to close in December, they have asked us to extend till February 10. There was also some vandalism from some very irritating idiots. Good job stealing the copper lines from the AC condensors to the heating units and not taking the condensors themselves or pulling apart the units to get the scrap from there!
My partner and I after much consideration terminated the deal. It was just getting too difficult, too time consuming, and there was another lower comp that came up in the neighborhood that might have affected our appraised value.
Sometimes you just have to walk away and move on to the next one. If you have a manager, once the property is rented it becomes almost completely passive. Getting there, however, can be anything but.