My answer is always a mix of: You’re overthinking it and work smarter, not harder.A lot of investors are sold on the idea that STRs are a passive income source—which, to an extent, they can be.

Can it be wrapped up by the end of the week? 

Also go online to loopnet and crexi and look up similar properties to lease.  

I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.

You may have to switch to owner financing or BRRRR if that is available or some other strategy when the time comes. 

Wishing you the best. 

The investors with the most units and most experience could just as likely be in flip flops and a Jimmy Buffett shirt as jeans and a polo.

You also just don't fully know what problems you are up against until you own it.

This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).

If you end up going feel free to reach out.