If they reject the concession and the replacement costs eat too much into your margins, it might be smarter to walk away unless the property has other strong advantages.I’d also weigh the long-term costs.

Renovations were quite a bit more than we had expected due to more issues than we were aware of.

Yearly increasing costs will, in time, eat up any profit they have per unit.

There are many STRs that do quite well in the suburbs of major cityies Off the top of my head, I can think of one of the STRs we manage that is 40 mins outside of Dallas and it has a great occupancy rate.

If it's a good asset(meaning primarily good location), you eat the 5.3% cap no problem you own the physical asset.

I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowering my current interest rate.

I'm seeking advise from people who may have been down this road before on whether we should seeking other financing methods to go LLC to LLC or quit claim the lot back to our personal names to satisfy the 1031 exchange rules. 

Getting into almost any property in Charlottesville for under $200,000 is quite the feat.

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

I know we're still ok with it because we're renting and it's booking quite a bit.