On top of that I had the city coming after me for fines due to the condition of the place   This was a drug infested area of town.  

In similar situations, it may be worth considering renting first and selling later when market conditions are more favorable.Finally, the importance of choosing the right agent is a valuable lesson.

With election uncertainty and changing economic conditions, there is potential for further shifts in the market as we move into 2025​(Nest Realty)​(Garretts Realty).For those considering investing, it's worth noting that Louisville's rental market remains strong, particularly for multifamily properties, where rent prices have increased 5.1% year-over-year, outperforming national averages​(Nest Realty).Lot's of cool things happening in the area!

I have a kind of "secret empathy" for younger folks nowadays because they've been condition to be these impulsive, reactive hyper-drama organisms. 

They do draw a hard line with cloth wiring, even if it is in good condition and not knob n' tube. 

The problem comes from an investor's conditioning to never pay contractors upfront, or they will not finish the job.

There’s not much else it can be unless it’s in really bad physical condition, which the PM would also notice right away. 

Key factors include the quality of the renovations, market conditions, timing, appraisals, and presentation.

Obviously you will also want to walk all of the units physically during your due diligence period to see the condition of the apartments inside.

It is important to keep in mind that DSCR is just one factor that lenders consider when evaluating a loan application, and other factors such as property condition, location, and market conditions also play a role.It is also a good idea to consult with a financial advisor or loan officer to get a better understanding of the loan requirements and to get an idea of how your investment property will be evaluated by lenders.Feel free to reach out if you need more feedback, happy to help.