The property is rented out for $3,200 per month, while my mortgage is $2,100, and the HOA fee is $268.I explored the option of taking out a second mortgage.

Tenants in arrears due to “loss of income related to COVID-19” have a six-month grace period—without late fees!

The insights gained from these projects have validated our initial assumptions about cost savings and construction efficiency.Future Vision:We're now developing a complete senior community model that combines:Affordable container homesCommunity-focused designSustainable practicesScalable business modelInvestment Perspective:From my fund management experience, I see three key advantages:Lower capital requirements than traditional developmentFaster time to marketMultiple revenue streams (sales, community fees, services)I'm sharing this to start a discussion and get feedback from the BP community.Questions for discussion:What challenges do you see in this model?

Maverick received a referral fees (in excess of $6000) from the transaction between ABC Baltimore and me.

I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).

The net number is rent minus mortage PITI, property management fee and HOA fee).

I admittedly have a bias against condos for the following reasons:1) HOAs - both a lack of control over fees and assessments, as well as potential regulation changes2) they don’t appreciate as much3) you have to work a lot harder to differentiate yourself from your neighbors. 

VRBO is completely uncooperative in this.I am contemplating just turning each of these over to an attorney, sue for the chargeback plus legal fees, and let it go.

But I have the tenant pay the broker fee & in my lease I ask them within 90 days if they want to stay for another year and give them 15 days to respond so I have 75 days to rent out the property to avoid vacancy.4.

Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.