Also syndicators massaging debt to make deals pencil to entice LP investment and are now struggling with existing deals blowing up.

Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.

I think even existing PM companies in my area are always in search of a good cleaner. 

Fewer housing units hitting the market may drive up demand for existing rental properties.Long-Term Effects: While construction costs may rise, these delays could benefit mid-term rental owners by reducing competition, particularly if fewer new properties are available.8.

Im currently putting a plan together to develop a property with some existing infrastructure.

Also be mindful of existing or proposed restrictions - I don't recall anything extreme proposed in Ludlow or Dover, but Wilmington is being very aggressive in all but eliminating STRs.

This would cover the $675K needed to pay off the existing HELOC and mortgage, leaving you with about $200K after payoffs and closing costs.However, it's important to consider the cash flow impact.

Grandfather rules rarely apply or work for STRs in most locations and apply to existing STRs there.

The fact that you're already working with an existing property and clear goals for redevelopment shows lenders that you’re serious.

@Dave Kush You can send them a certified letter that it is no longer a smoking building and you would have to use an existing term like quiet enjoyment or not disturbing others to enforce.