Currently working to gain capital as I educate myself and seek knowledge through every possible avenue.

One challenge was managing extensive renovations on a modestly priced home, requiring disciplined budgeting and planning.

And there seems to be a fountain of knowledge here.

If all else fails, 😀 ReSure's got extensive resources on all these subjects in our educational platform (which actually includes some plagiarizing from Michael!

Quality, experience, knowledge, track record of sponsor2.

Yes, that's why  want to be prepared and knowledgable before applying.

With loan extension you might have to come up with extra payment to get DSCR in range lender will approve.That is why to go through this exercise NOW and if you know tenant wants 300k TI to extend and bank wants 300k to pay down estimated balance when new loan placed you need 600k to come up with.

Happy to connect and share my knowledge. 

Hello BPers,Anyone with experience or knowledge of Eagle Rock Resort in Hazelton, PA. 

Wait a couple of years and use your investment knowledge/experience along with your equity to invest in other properties i.e. those located in less expensive markets.All the best!