How do you know they are not snapping them up?

Takes a while for 350 units in one complex to get short sell approval and sell to cash buyers. For some reason, banks won't lend to them, probably because they are not considered securities, but I don't know. They are hotel condos at the hard rock if I haven't mentioned before and I think the banks will accept much less than what you will find them for on zillow and I think that is because since they are paid in cash, certain paperwork doesn't get sent to the local assessor office which common online services pull from?

Also take into consideration that 350 units are about to foreclose on because they bought the units for 400k in 2007 and are now worth ~140k, and I think you have potential for not just a better return than standard SFH/condo, but a great CAP since cap I believe is based more on value.

I think someday, when lenders lend to these and when foreclosures are all bought by cash investors, prices will stabalize and possibly increase more than comparables.

Any constructive criticism as opposed to cheap sarcasm please let me know. I'd like to hear others thoughts on these units in this particular situation plus who may be able to lend to them at <4% interest rates, please let me know

Absolutely, buyers are hesitant towards condos.

Did some research over time and answered my question

Nobody will lend to condo hotels except one bank but only if it's a resale and the terms are awfull, negating any free money in that market

I guess the benefits of high returns favor only those with cash