After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.

Here's a bit of background:I have over ten years of experience in real estate.I've bought and sold hundreds of properties in the past two years.I have six performing rental properties and aim to expand this to 50 by the end of the year.

BUT, please be aware of the followingMissing interest payments on a promissory note is not necessarily the result of a fraud, most often it is simply the results of a poorly performing business.  

For your property to perform well, I would want it to rent for around $1800 a month to cover expenses and provide some cash flow.

.: @Joe S.got it, yes for sure it is VERY difficult to source off market deals yourself as a brand new investor. 

In the meantime, maybe look into refinancing options for the short-term rentals to access some equity, especially if they’re performing well.

They cost $800k+ though but well worth it when want investment that actually performs profitably.

If someone wants to host MTR, STR, whatever, they should start their own management company, not try to use this model where they can make additional money off of an owner if a property performs well.

I would tell folks at the time with 30k brand new homes that Lehigh was probably one of the cheapest places in US if not the world to live everything considered US medical and fire and police etc etc and no state income tax.So here we are today de ja vu all over again with hundreds of investors stuck with half built houses and a the vast majority of all these were spec for rental purposes not to live in..

For DSCR, it's usually slightly higher than the conventional route due to it only looks how well the subject property rental performs + credit vs conventional where it requires credit, income, assets to be reviewed.