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Our Very Own Eric Caravella OpEd
Hi all! Check out Eric's OpEd in PennLive! Well done @Eric Caravella ! Our community is very proud of you!
Our Very Own Eric Caravella OpEd
1 like • 5d
Great article and right on point. :)
Uncooperative sellers
I have sellers trying to restrict my ability to investigate the property I have under contract. Most recent email said this, what are your thoughts? “As a reminder, and consistent with the terms of the Purchase and Sale Agreement, any entry onto the Property and inspection activities must be conducted with reasonable notice and in a manner that does not interfere with ongoing operations or residents. Given that the Property is an occupied community, all site visits must be scheduled in advance and accompanied. We ask that you refrain from entering or driving through the Property outside of coordinated visits to avoid disruption or confusion for tenants. “With respect to third-party outreach, we ask that any inquiries be conducted on a general or hypothetical basis only and without reference to the Property, its address, ownership, or operations. “Any property-specific inquiries should be coordinated through us to ensure consistency and avoid unintended issues. “We will follow up directly regarding the Township zoning/code verification request once it becomes available. “With respect to vendor outreach, we prefer that any quotes or services be obtained through your own providers rather than contacting vendors associated with the Property.”
4 likes • 6d
This seller email is not automatically unreasonable on the site access piece. Scheduled visits, reasonable notice, and avoiding disruption in an occupied community are pretty normal. Where I’d be careful is the part where they try to control your due diligence too tightly: - restricting property-specific third-party inquiries, - forcing all inquiries through them, - delaying direct zoning/code verification, - and limiting vendor outreach tied to the property. That can become a problem fast. During due diligence, you need sufficient freedom to independently verify zoning, code, utilities, vendors, licensing, taxes, title, and operational realities. Otherwise, you are underwriting blind. And that violates the whole idea of due diligence. How will you buy this and never lose it? You do not want to close based solely on seller-filtered information. My suggestion is to respond professionally, acknowledge the legitimate operational concerns, but clearly preserve your right to complete independent due diligence under the PSA. See the attached response email that you could use. First, this email keeps you sounding cooperative rather than combative. Second, it does not accept their framing that all diligence must run through them. Third, it creates a record that you are requesting reasonable access under the contract. What I would do next: 1. Re-read the PSA language on inspection rights, access, third-party contacts, confidentiality, and non-disturbance. 2. Send a response like the one above and make them either agree or specifically state what they are refusing. 3. If they keep restricting zoning/code/utility verification, treat that as a red flag and involve your attorney immediately. 4. Consider asking for an extension of diligence time if access to or documents are delayed. 5. Do not let your earnest money go hard until you have independent verification of the major risk items. My blunt read: if a seller wants to “manage” all the facts, there may be facts they do not want discovered. That does not always mean it is a bad deal, but it absolutely means you need to slow down and protect yourself. Cash flow first, verification first, and control your downside.
Pitch Deck for Capital Raising
Does anyone have a pitch deck template they can share? Or is there one in the classroom resources? I'm having trouble figuring out how to search through the classroom documents.
3 likes • Mar 6
Try this one. Let me know your thoughts. I am assuming this is for a new acquisition.
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1 like • Feb 28
Sounds great!
1-10 of 94
Pat Gage
5
128points to level up
@pat-gage-3527
As a current owner of multifamily apartments, I am eager to expand my portfolio by acquiring 1-2 parks within the next 90 days. Here to expand network

Active 10h ago
Joined Mar 31, 2025
Michigan
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