I am also listening to the Bigger Pockets podcasts daily during every free period I have throughout my day while trying to learn as much as possible.

The lender is basing the amount they will lend on the income of the other STRs in town....I am trying to figure out how to deal with this...I really appreciate your time...Thoughts?

Rent is decently expensive, but whenever I booked the stay, the owner mentioned he was trying to sell the unit.

If he must attempt to get the low interest rates of 2021 on this deal, I suggest that he instead look for assumable loans.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

This way you are trying to get top dollar for it but are also going to be notifying those who have saved the property every time you drop the price. 

Try to reach out to them and get their numbers, but it’s not very likely to happen.

The auctioneers will try to encourage action.

@Makani Donaldson as a PMC, can tell you that trying to go around a PMC and "Cut out the middle man" to get to the owner will just make your name mud in your area.Who's going to trust you?

I had a rough appraisal on a UWM loan here in Cleveland OH and we're trying to find a new lender for this $85k DSCR cash out refi.