Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

Use this meeting to gather their perspective on the property and understand their goals before making any offers.Keep It Informal Initially: Avoid jumping straight into specifics about pricing or terms.

Thanks for sharing this perspective—it’s super helpful, and I totally agree that the “perfect BRRRR” is incredibly rare these days.

I manage a bevy of STR properties in Costa Rica and from a yield perspective, things have definitely started to return to normal as far as revenue generation goes.

@Jake Santos don’t have experience renting out but have plenty of expertise from a tax perspective in regards to this.

Many have their own opinions/perspective of loopnet for deal flow, but at a minimum you can see who the active brokers are in a particular area.

That insurance lesson is gold, props to you for keeping perspective and having a solid team to help you navigate through it.

You have a 200k equity buffer, so you should be able to get closer to 130k from a LTV perspective - but will your rent amount cover that new loan?

A few key points / takeaways from my perspective:1.

Lender will always look at it from two perspectives:1.