The risk profile for someone who's a local GC and has worked on structural rehab buying a portfolio in a building is quite a bit different.Also, situations like this where professionals can properly evaluate risk and bring in capital to solve the problem of said older folks is a way to earn income and make a positive impact (assuming you're not low balling the distressed, fixed income seller).

Meaning the asset could lose 20% or so of its value before impacting our position.

I suggest you take a deep look at your community budget and determine the impact STRs have on your community.  

It doesn't not impact buyers as much from a tax perspective as it does the seller. 

There is a mountain of variables to every transaction, and knowing which applies, which does not, how to best address it for the stance one is in, how it legally impacts, THATS what an agent exists for.     

DSCR loans have MANY variables that can impact eligibility and those variables all vary from lender to lender.

If you happen to be in a LIHTC area, then I do have an impact lender who might do a OTC loan, but it would be with limited recourse options.Non-Recourse options are very tough to find these days, even at banks. 

That mortgage will tie up your credit and your VA entitlement, impacting your ability to purchase other property.

Also, put any repairs pointed out by the inspector into the following categories (by priority)1) Health & Safety - to avoid tenant injury and potential lawsuits2) Property Preservation - to stop further costlier damages3) Government Required - city inspection repairs & S84) Marketing Negative Impact - who'll rent a house with purple bedrooms?

Hi everyone,I’m conducting some research on what impacts the performance of vacation rental properties the most.