Year long lease typically, with subletting allowed to offset summer months cost to tenant.I worked out some high-level math: Assuming there is a 6 bedroom single family house for sale for 800k, and I can rent for 6k/month.Financing: 350k cash, 450k loan @30yr, 3.8%.Assumptions: 7% vacancy/yr, $4000/yr repairs, $10k/yr property tax, $4k/yr insurance, 8% management fee+50% first month rent on new leaseMonth-to-month breakdown: Income: $6000 Vacancy, Mgmt fee, repair, taxes, insurance: $2300Loan PI: $2650I'd take home ~$1000/month. 

When your tenants dont pay and your borrowers cant refi and your banks call your loans ( like we see happening RIGHT NOW in the MF space) projects and RE gets lost and investors get wiped out ..

You have to evaluate the situation for yourself and choose your hard.

So we would have to get a loan, pay off the seller and transfer title and then wait the seasoning period before doing a refi unless there is a bank out there that will treat it as a refi off the bat

You aren't required to offer a loan mod prior to foreclosure.

There is so much that goes into a successful STR beyond the very basics.Now, projections can help for people using a DSCR loan.

.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Do you need to empathize with the seller and their situation?

However, the HOA then said "we are still fully opposed to the door".I am working with our RE attorney, but I was wondering if anyone had any tips or experience in this situation.