I tried shopping around but no one would take me since I had a sewer collapse claim last spring.

After six months of STR performance, transition to a DSCR loan or portfolio lender refi for better terms.2. 

To be as fair as possible, I'll let everyone know who would have qualified that the unit has been filled and is no longer available.

Sometimes, unseen issues (like major repairs) end up costing more than the discount you negotiated.Final Thoughts•If there are no major rental restrictions, and the numbers work based on rental comps, this could be a great first investment.

@Vince Au no one can predict the future.There are some interesting facts you should confirm for yourself (NEVER believe anything anyone posts here!).

Historically, the spring market in Las Vegas is one of the busiest times of the year, and we’re already seeing signs that this year will be no different.Although the current rates are presenting a challenge for some buyers, the pent-up demand from the past few months combined with the stability post-election is propelling the market forward.

If you can get a note for 200K at no interest and you have completed your due diligence on this deal, then go for it. 

Again, as you asked, no one is in trouble, but we have high expectations for our team, and there are indeed steps we can take to improve.I'd like to recap for readers, and please let me know if there is anything stated incorrectly here.We primarily failed to be proactive on the front end once we knew the resident used the legal system to their advantage. 

He has no legal rights to the property or the deposit because it belongs to the legal occupants of the rental.

If that's the case, if it's a flipper with zero development experience, no way would I have any interest