That could be related the $1M or so lost earlier this year in that crypto scam thing.

My hold co in the end would purchase the property for 500K from my wholesale LLC.

Borrowers need to have 9 Months' P&I worth of liquidity (cash / stocks / bonds / crypto / etc), and 100% net worth relative to the loan amount.

So we could all have a little more empathy on both sides of the coin. 

I converted my STR to a LTR because the climate here in the Springs (and CO in general) is so hostile to short term rentals, and it's getting worse.

There are two sides to that coin, yet most people only talk about the reward side. 

That’s the equivalent of your financial advisor charging you a management fee, investing all you capital into crypto or penny stocks, and when your portfolio goes to 0 they say to you “well you should have known the risks.”

Weekly rent averages about $ 175 per week and I provide internet, utilities and a coin-op laundry. 

We did use a high-grade vinyl plank flooring over the concrete floor down there, just in case, but years later we can say there have been no more water issues.We also plumbed in and installed a laundry room, purchasing twin pairs of coin-op Speed Queens.All of those renovations allowed us to go up-market a bit, from the prior $160/week to $180/week within the first few weeks on the incremental rehabbed units.

Two sides to that coin.