Looking to discuss with lenders on financial options.Please DM methankskaushik Sarkar

Yep, we are in a similar situation.

In your situation, I might investigate further to see if their credit was better before these hurricanes.

Nobody wins in that situation. 

It was at that point that we decided to pay a bit more and put more money into our deals for properties that only needed cosmetic upgrades or maybe a few weekends of work vs. rehab projects.Again everyone's situation is different and for those who have more time then money this strategy might not be best. 

@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Investment Info:Townhouse fix & flip investment. 109 W 132nd St, New York, NY 10027, is a meticulously renovated brownstone townhouse situated in the heart of Harlem.

This will probably be the situation in 2024 and beyond.

Wealth Building: Paying off the first STR focuses on cash flow and financial security, while buying another property focuses on scaling and wealth building.

In this IDEAL situation the savings is minimal.